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Key Indicators Point to a Consolidation Phase As of December 13, 2023, bitcoin’s price stands at $41,197, showcasing a dynamic interplay between various technical indicators. The cryptocurrency’s trading journey over the past 24 hours, oscillating between $40,712 and $41,957, highlights a state of cautious optimism among traders.

Federal Reserve leaves interest rates unchanged, remains at 5.25% - 5.50%.

Bitcoin's Difficulty Drops for First Time Since September The latest figures reveal that on Dec. 9, 2023, at block height 820,512, Bitcoin experienced a 0.96% decrease in its difficulty rating. This decline marks the first since Sept. 19, 2023, interrupting a streak of six successive difficulty hikes. Concurrently, Bitcoin’s total hashrate has shown a downward trend over the last six days.

Skybridge Founder Sees Bitcoin as Multi-Trillion-Dollar Asset — Confident Jamie Dimon Will Change His Tune About BTC Skybridge Capital founder Anthony Scaramucci has predicted a multi-trillion-dollar future for bitcoin, independent of the U.S. Securities and Exchange Commission (SEC)’s spot bitcoin exchange-traded fund (ETF) decision. He also urged Senator Elizabeth Warren to learn more about Bitcoin and expressed optimism that JPMorgan CEO Jamie Dimon “will change his tune about bitcoin” as regulations evolve.

Hello friends, welcome to this XRP/USDT update from Crypto Sanders. Chart Analysis:- XRP is also bullish and managed to book a 5% increase this week. However, the resistance at 68 cents is still to be broken before this cryptocurrency can aim for higher levels. The support at 57 cents held well, and considering that buyers are dominating the market right now, XRP could continue to perform in the coming week. this cryptocurrency could break the current resistance and aim to reach the previous high from July when XRP got close to $1. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you. https://www.tradingview.com/chart/XRPUSDT/R379DnFf-XRP-USDT-1DAY-UPDATE-BY-CRYPTOSANDERS/

Hello friends, welcome to this ADA/USDT update from Crypto Sanders. Chart Analysis:- ADA bulls woke up this week with an impressive 28% price increase. This spectacular performance obliterated the resistance at 46 cents, and now buyers are looking at much higher levels. The most important resistance on the chart right now is found at 60 cents. Sellers may attempt to stop this rally around 50 cents, but that is unlikely to last, considering market sentiment. ADA manages to maintain this momentum, and then going to 60 cents becomes likely. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you. https://www.tradingview.com/chart/ADAUSDT/34FgdLOs-ADA-USDT-1DAY-UPDATE-BY-CRYPTOSANDERS/

Hello friends, welcome to this SOL/USDT update from Crypto Sanders. Chart Analysis:- This week, Solana broke the resistance at 67 and booked a 16% price increase. This allowed buyers to take it to 72 today. If bulls remain strong, then the previous resistance at 67 can turn into support, and Solana can move higher still and towards 80 next. this cryptocurrency continues to show strength and this latest breakout confirms that bulls are very much still in control. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you. https://www.tradingview.com/chart/SOLUSDT/Ps5QQkgE-SOL-USDT-1DAY-UPDATE-BY-CRYPTOSANDERS/

Hello friends, welcome to this BONK/USDT update from Crypto Sanders. Chart Analysis:- The surprise of the past two months is BONK, the biggest meme token on the Solana network. The price has not stopped pumping since late October and booked an eye-popping 187% increase this week alone. With such a performance, it is almost impossible to guess where BONK will top or decide to correct. Considering the market sentiment after a 70x increase from its all-time low, this Solana token could continue to rally. Looking ahead, meme tokens are back in the spotlight, and BONK holders have the time of their lives. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you. https://www.tradingview.com/chart/BONKUSDT/T5T8K58D-BONK-USDT-1DAY-UPDATE-BY-CRYPTOSANDERS/

Crypto Fear & Greed Index

Hello friends, welcome to this ETH/USDT update from Crypto Sanders. Chart Analysis:- Ethereum has displayed significant bullish signals, with the price exhibiting a robust uptrend that retraced above the pivotal resistance level of 2.1K. Despite a temporary setback, the cryptocurrency maintained its upward trajectory, reaching an annual peak of 2.4K. This PA suggests a revived bullish market, reflecting renewed demand and heightened buying interest among market participants. It’s crucial to acknowledge that short-term corrections typically follow each bullish surge. As evident from the chart, Ethereum’s upward momentum faced rejection upon hitting the upper boundary of the wedge, resulting in a 10% decline. The divergence between the price and the RSI indicator also supports the likelihood of a brief retracement before initiating the next bullish move. In such a scenario, the 2K support zone is anticipated to be Ethereum’s next destination in the daily timeframe. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you. https://www.tradingview.com/chart/ETHUSDT/RY6I6TIM-ETH-USDT-1DAY-UPDATE-BY-CRYPTOSANDERS/

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Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- the price has been blowing past resistance levels one by one. Yet, today’s action has been very bearish, as the daily candle looks very bearish. The price has dropped around 10% today before rebounding from the 40K support level. In case this level holds, it could initiate a rebound, and the market might rally toward the next significant resistance level, which is located at the 48K mark. On the other hand, a bearish breakout could result in a drop to the 38K and potentially the 31K zone. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you. https://www.tradingview.com/chart/BTCUSDT/fL6eBDLN-BTC-USDT-2DAY-UPDATE-BY-CRYPTOSANDERS/

US Federal Reserve December Meet: See date, timing, and schedule details here The United States Federal Reserve's (US Fed) two-day monetary policy meeting is being held from December 12-13 (Eastern Standard Time - EST). And on Wednesday (EST) Fed Chair Jerome Powell will announce the central bank's rate decision in a press conference. Known as the Federal Open Market Committee's meeting (FOMC Meeting), the rate announcement will be at 2 pm (EST) on December 13 (12.30 am IST on December 14).

ETH’s price booked a 12% increase this past week after it was finally able to escape the ascending triangle that has been forming since 2022. The breakout above $2,150 started this rally, which may not see any significant pullback until $2,500. That is the current target for this move. If buyers remain aggressive, they could aim to take Ethereum to $3,000 after that. Looking ahead, the momentum is bullish, and ETH is showing signs it may recover some of the ground lost to Bitcoin in the past few weeks.

4hour chart demonstrates today’s decline much more clearly. The price has created a double top pattern around the $44,500 mark and proceeded to plunge toward the $40K zone. Moreover, the relative strength index is trending downwards below the 50% line but is yet to reach the oversold territory. As a result, another drop could be expected in the short term, and the market’s fate in the next few months would be decided by the price’s reaction to the $40K support level.

Bears Take the Reins Clawing BTC's Price Back On Monday, the valuation of bitcoin experienced a 3.3% decline within the past day, falling beneath the $42K threshold. Currently positioned at $42,224, bitcoin’s valuation is undergoing a marked shift in the cryptocurrency landscape on Dec. 11, 2023, just two days prior to the forthcoming meeting of the U.S. Federal Reserve.

ETH/USDT 4hour update

BTC/USDT 4hour update