Bitcoin (BTC), Ethereum (ETH) – 14th December 2021

Tue 14 Dec 2021 ▪ 10h37 ▪ 2 min read — by Katie Donaldson

Today is Tuesday, 14th December, and this is Cointribune’s Crypto analytics. You will learn about what’s been going on in the market, as well as what to expect next in our new article! Make sure to have a look at the previous instalment. Off we go!

Bitcoin (BTC)

The last 24 hours were quite eventful for Bitcoin. The cryptocurrency managed to briefly touch $50,000 but then dropped to the $45,000 support, raising hell. It’s changing hands at around $47,000 at the moment of writing. The chart suggests that we are still far from any kind of upwards movement. The recent local lows are a sign that we have a lot more market dumps to struggle through.

In case the head and shoulders pattern continues to form, we might see a drop to the $30,000 support. But if the cryptocurrency does grow again, unless it gains a foothold above $58,000, we still should expect a crash.

However, this is a good time to add to your investment portfolio for when BTC starts climbing peaks once again.

Ethereum (ETH)

Ethereum has left the triangle pattern and is following BTC’s lead. The $4,000 support was of no help; the cryptocurrency is trading around $3,700 at the moment of writing.

However, $3,500 and $3,000 are strong supports, so all traders can rest assured that ETH won’t face a devastating drop.

Don’t forget about stop losses and don’t neglect risk management.

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Katie Donaldson

I went full time crypto back in June 2018, and have never looked back. I want to help persuade as many people as possible to come and build the decentralised future! Let’s go!

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

Prices & Indices

BITCOIN (BTCUSD) $29,450.26 0.1%
ETHEREUM (ETHUSD) Ξ $1,978.23 0.25%
DEFI (DEFIPERP) $3,697.50 1.2%
MARKETS (ACWI) $87.95 0.29%
GOLD (XAUUSD) $1,846.18 0.24%
TECH (NDX) $11,835.62 -0.29%
CURRENCIES (EURUSD) $1.06 -0.21%
CURRENCIES (EURGBP) £0.844980 -0.41%
CRUDEOIL (USOIL) $110.52 -0.99%
IMM. US (REIT) $2,463.96 0.79%
The percentage expresses the change over the past 24 hours BUY CRYPTOS WITHOUT RISK
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