As the world anticipates policy shifts following Donald Trump’s inauguration, the cryptocurrency market is bracing for significant movements. Bitcoin and Ethereum, the two giants of the digital asset space, stand poised to react to the evolving economic and regulatory landscape. With speculation mounting about how these assets might perform under the new administration, ChangeNOW has reported that the volume of transactions for BTC and ETH has grown, suggesting increased investor interest.
Bitcoin Nears Support Level, Signals Potential for Bullish Rally
Bitcoin’s price is fluctuating between $93442 and $101009, approaching its support level at $88572. In the past week, it gained nearly 2%, hinting at possible bullish activity. The Relative Strength Index is at 31.30, close to oversold, which could indicate an upcoming rise. The 10-day Simple Moving Average is slightly below the 100-day average. If the trend continues, Bitcoin may test the resistance at $103706 and potentially reach the next level at $111273, which would be an increase of about 15%. With this setup appearing favorable, Bitcoin can be purchased on ChangeNOW with no registration and no hidden fees.
>>> ChangeNOW – Swap Crypto Simple, Fast, Free of Custody <<<
Ethereum Holds Steady Amid Market Fluctuations: A Bullish Outlook Ahead Ethereum’s price is fluctuating within the mid-three-thousands, currently ranging between $3399 and $3772. The Relative Strength Index is around 36, suggesting the asset is not overbought. With the nearest resistance level at $3910 and support at $3164, Ethereum shows potential for upward movement.
Over the past six months, the price has increased by over eight percent, despite a sixteen percent decrease in the last month, indicating a possible market correction. Breaking through the resistance levels could propel Ethereum towards the low-four-thousands. Market indicators are drawing attention to Ethereum’s price movements. Platforms like ChangeNOW provide access to Ethereum without registration or hidden fees.
>>> ChangeNOW – Swap Crypto Simple, Fast, Free of Custody <<<
Conclusion
Investors and traders have significant opportunities with both Bitcoin and Ethereum after Trump’s inauguration. Bitcoin offers a well-established network with widespread acceptance. Ethereum provides a platform for smart contracts and decentralized applications, appealing to a broad range of uses.
For those looking to invest or trade these coins, ChangeNOW is an excellent platform. It allows users to exchange, buy, or sell cryptocurrencies without hidden fees or the need for registration, enhancing security by not storing user funds. With support for over 900 cryptocurrencies, no limits on transaction volumes, and the option to purchase crypto using a bank card, ChangeNOW offers a convenient and secure way to engage with the crypto market.
