Bitcoin (BTC), Ethereum (ETH) – 2nd December 2021

Thu 02 Dec 2021 ▪ 10h07 ▪ 2 min read — by Katie Donaldson

Today is Thursday, 2nd 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)

Bulls are not giving up on their seemingly impossible $60,000 target. If successful, they have a good chance at pulling Bitcoin all the way up to the next resistance level around $65,000. Otherwise we will see bears dump the market and an actual crypto winter as early as the end of this week.

The longer the bulls resist, the worse traders will suffer in case of a crash. The $55,000 support has been of great help; however, market forces never fail. This means that in case bears dump BTC, $55,000 won’t be strong enough to uphold the cryptocurrency.

We have to stay hopeful. There is still a chance that Bitcoin will try to break above its current all-time-high before the year’s end.

Ethereum (ETH)

Meanwhile, Ethereum is doing everything possible to revisit its current ATH. Success is only a few dollars away. But the market itself is too bearish for that, that’s why the cryptocurrency keeps coming back to the $4,500 support. 

Only if Bitcoin will stop throwing monkey wrenches in Ethereum’s plan to take over the market, then we will see ETH climb new peaks.

Don’t neglect risk management and don’t forget about stop losses. Every dump is a unique possibility to go over your portfolio and prepare for future growth. Nothing worth having comes easy.

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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) $37,250.00 0.74%
ETHEREUM (ETHUSD) Ξ $2,525.67 2.68%
DEFI (DEFIPERP) $6,511.50 0.79%
MARKETS (ACWI) $97.71 -0.66%
GOLD (XAUUSD) $1,817.53 -1.62%
TECH (NDX) $14,074.61 -0.53%
CURRENCIES (EURUSD) $1.12 -0.45%
CURRENCIES (EURGBP) £0.835950 -0.08%
CRUDEOIL (USOIL) $86.66 1.75%
IMM. US (REIT) $2,661.39 -1.2%
The percentage expresses the change over the past 24 hours BUY CRYPTOS WITHOUT RISK
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