Welcome to this weekly market analysis!
This article is today dedicated to BTC and ETH.
Bitcoin continues to consolidate
Bitcoin for combination its consolidation phase, returning to seek the $ 91,000As we had anti -looking them last week. This consolidation is an essential stappe stublizer the market and reduce the risk of proof too brutal correction to get it.
On the side of technical indications, the RSI (relative force index) Remnies under the threshold of 70signaling that the purchasing forces and gradually tender verse a balance. This dynamic is particularly favorable to allow Bitcoin to recruit Son Elan pays the psychological threshold of $ 100,000.
This scenario remains conditioned by the hand of this stablity and the appheprition of new impulses purchased on the market.
The fall of the Dominance Fall of the BTC
As anticipated last week, the Bitcoin dominance is in good decrease, going from More than 60% of 55% Today. This movement translates a prorosfif transfer of limited altcoinsa phenomenon of already visible with the recent evolution of Ethn.
If this trend is combined, we could Altcoin season From this month of December. Pour a reminder, a Altcoin season Designe a period where altcoins (all authans cryptocurrencies that Bitcoin) outperform the latter in terms of gains. This dynamic is often triggered by a drop in the dominance of Bitcoin, releasing capital that reiterates that has project on more soft projects.
This phase could offer interesting opportunities for good investors, but also requires cautious in the face of volatility accumulates Altcoin. The next semenes will be crucial flowing this hypotese.
ETH sits on an important
At this at the beginning of the month of December, Ethn An elevator $ 3,700An area one of crucial prices which is indeed up to $ 4,000. This level is a historic sales area, Comm. This is an important technical threshold which for influencer the next decisions of the market player.
On the indicat side, the RSI (relative force index) Moderate residition and Béné in a sesse of the Dorachat area (70), which is a positive signal. This shows that the market has adopted a healthy pace, with the regular consolidation phase which reads-bed risk of sudden correction.
A frank break in this key area could open the way for new sums, while a rejection would offer of the opportunities for a houssière construction naked at lower levels. To follow closely in the coming days.
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