empty
13.12.2024 09:36 AM
Trading Recommendations for the Cryptocurrency Market on December 13

Bitcoin and Ethereum remain strong, trading near their highs with promising prospects of resuming a bullish market trend in the near term. While the hype around major crypto assets has subsided momentarily, cryptocurrency wallets associated with the Trump-backed project, World Liberty Financial, have accumulated tokens worth millions of dollars, leading to sharp price increases.

This image is no longer relevant

President-elect Donald Trump has emerged as a leading advocate for the project. His sons, Eric and Donald Trump Jr., serve as Web3 ambassadors, while Barron Trump holds the title of DeFi Visionary. Data indicates that World Liberty Financial has acquired $10 million in Ethereum (ETH) and $1 million each in Aave (AAVE) and Chainlink (LINK) tokens. Prices for ETH surged 7%, while AAVE and LINK jumped 30% amidst bullish market sentiment.

Over the past 12 days, the wallet has invested another $30 million, purchasing 8,105 ETH at an average price of $3,700.

Trump's wallet purchases of cryptocurrency assets are being made for a reason, and the new president's plans to develop the industry could lead to some pretty good financial results. With the rapidly evolving digital marketplace, political leaders' interest in cryptocurrencies is only growing. As an experienced businessman, Trump understands that supporting this area can catalyze economic growth and innovation, especially in light of global digitalization trends. The current situation in the cryptocurrency market also opens up new horizons for investment. Trump can use his image and influence to attract additional investment.

Amid Bitcoin and Ethereum's bullish rally, altcoin season is in full swing—an opportunity not to be overlooked.

As for the intraday strategy on the short-term crypto market, I will continue leveraging major pullbacks in Bitcoin and Ethereum, anticipating the medium-term continuation of the bullish market trend, which has remained intact.

As for short-term trading, the strategy and conditions are described below.

This image is no longer relevant

Bitcoin

Buy Scenario:

I will buy Bitcoin today when I reach the entry point near $100,200, with a growth target of $101,500. At $101,500, I will exit from buying and sell immediately on the rebound. Before buying on a breakout, you must ensure that the 50-day moving average is below the current price and the Awesome Oscillator is above zero.

Sell Scenario:

I will sell Bitcoin today when the entry point reaches around $99,400 to fall to the $98,100 level. In the area of $98,100, I will exit from selling and buy immediately on the rebound. Before selling on a breakout, ensure the 50-day moving average is above the current price and the Awesome Oscillator is below zero.

This image is no longer relevant

Ethereum

Buy Scenario:

I will buy Ether today when I reach the entry point at $3934, with a growth target of $4000. At $4000, I will exit from buying and sell immediately on the rebound. Before buying on a breakout, make sure that the 50-day moving average is below the current price and the Awesome Oscillator is above zero.

Sell Scenario:

I will sell ether today when I reach the entry point near $3898 with a downside target of $3827. At $3827, I will exit from selling and buy immediately on the rebound. Before selling on a breakout, ensure the 50-day moving average is above the current price and the Awesome Oscillator is below zero.

Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2025
Bitcoin
Summary
Strong buy
Urgency
1 day
Analytic
Maxim Magdalinin
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Trading Recommendations for the Cryptocurrency Market on July 3

Bitcoin and Ether have resumed growth, reaching new weekly highs amid favorable macroeconomic conditions. Over the past 24 hours, Bitcoin has risen by 2.5%, trading above $109,000. Ethereum also advanced

Miroslaw Bawulski 08:47 2025-07-03 UTC+2

Trading Recommendations for the Cryptocurrency Market on July 2

Bitcoin continued its correction and during today's Asian trading session reached a new level of $105,000. Ethereum also dropped significantly but was quickly bought back, stabilizing around $2,425. Meanwhile

Miroslaw Bawulski 08:33 2025-07-02 UTC+2

Trading Recommendations for the Cryptocurrency Market on July 1

Bitcoin failed to hold the $108,000 level, slipping into a more acceptable zone around $107,000. Ethereum also showed weakness at the end of the month, retreating to $2,460 after failing

Miroslaw Bawulski 08:55 2025-07-01 UTC+2

Key events this week that may impact crypto market

Bitcoin has pulled back below the $108,000 level, while Ethereum briefly rose above $2,500 over the weekend before retreating again. Clearly, traders will be closely monitoring several upcoming macroeconomic data

Jakub Novak 14:53 2025-06-30 UTC+2

Trading Recommendations for the Cryptocurrency Market on June 30

Bitcoin and Ethereum continued to grow over the weekend, indicating steady demand even as the leading cryptocurrency approaches its historical highs. While everyone is anticipating that Bitcoin will soon break

Miroslaw Bawulski 09:30 2025-06-30 UTC+2

Trading tips for crypto market on June 27 (North American session)

Bitcoin made another attempt to return to the $108,000 level, but failed to hold it and corrected lower, falling below the $107,000 mark, a move that could lead

Miroslaw Bawulski 15:47 2025-06-27 UTC+2

Another Major Company Announces $1 Billion Raise to Buy Bitcoin

The cryptocurrency market is showing strong confidence. Given its correlation with the U.S. stock market—where historical highs are being updated—there is room to expect further growth in digital assets. However

Jakub Novak 10:50 2025-06-27 UTC+2

Trading Recommendations for the Cryptocurrency Market on June 27

Bitcoin and Ethereum have paused their upward movement following yesterday's weak fundamental data, indicating a slowdown in the U.S. economy's growth. However, this wasn't the primary driver behind the pause

Miroslaw Bawulski 09:16 2025-06-27 UTC+2

Trading Recommendations for the Cryptocurrency Market on June 26

Bitcoin and Ethereum are demonstrating stable growth amid new forecasts regarding the number of interest rate cuts expected from the Federal Reserve this year. Another dovish stance from

Miroslaw Bawulski 09:19 2025-06-26 UTC+2

Bitcoin Aims For Continued Growth

Yesterday, Bitcoin continued its upward movement, driven by the notably softer tone of Federal Reserve Chair Jerome Powell regarding the future of interest rates. His cautious remarks — that

Jakub Novak 12:42 2025-06-25 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.