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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Bitcoin (BTC) is grappling with key resistance below the $45,000 mark despite a recent surge linked to speculation about approving a spot exchange-traded fund (ETF) in the United States.   This comes as the prevailing market sentiment suggests that Bitcoin is poised for a potential rally , aiming to reach a new all-time high.  In line with this, an Analysis by crypto trading expert Tradingshot, posted on TradingView on December 29, highlights that Bitcoin’s parabolic rally may be imminent if it successfully b reach es the significant resistance at $48,500. Tradingshot observed that Bitcoin has witnessed substantial mid-cycle growth over the past two months, edging closer to the pivotal $50,000 level. The expert emphasized that surpassing the $48,500 resistance could mark the commencement of the parabolic phase of the bull cycle. Bitcoin price analysis chart. Source: TradingView Cryptocurrency Top 3 cryptocurrencies of 2023 with the bigge...

In line with the overwhelming bullish sentiment in the general cryptocurrency market, Ethereum (ETH) has continued its gains from previous weeks and has already broken out of the key resistance area, signaling it is ready for more significant gains soon. Specifically, Ethereum has overcome a resistance zone between $1,982 and $2,044, where 1.67 million crypto wallets purchased 38.73 million ETH, according to the recent data shared by renowned crypto analyst Ali Martinez in an X post he published on November 24. Ethereum holders in/out of money. Source: Ali Martinez As the crypto trading expert concluded, should Ethereum stay above this demand area, it could pave the way for it “to reach new yearly highs ,” particularly considering there is “minimal resistance ahead and solid support below.” Indeed, according to the chart, no demand walls per specific price ranges stand out. Other bullish indicators Another bullish sign for Ethereum is that the 200 of its largest whales are cu...