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
Summary
Urgency
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

First US crypto policy report opens new era

Bitcoin briefly dipped following the Fed's recent decision but quickly rebounded, maintaining its range-bound trade between $116,000 and $120,000. This sideways movement may soon lay the groundwork for a breakout

Jakub Novak 11:33 2025-07-31 UTC+2

Trading Recommendations for the Cryptocurrency Market on July 31

After a solid pullback to around $ 116,000 yesterday, Bitcoin is once again trading at $118,200 today, signaling continued demand. Ethereum has also recovered all its losses

Miroslaw Bawulski 09:18 2025-07-31 UTC+2

Federal Reserve's meeting today may boost crypto market

The Federal Reserve's policy meeting today could provide a boost to the cryptocurrency market. Even the slightest hint from the committee about a potential interest rate cut in September would

Jakub Novak 13:19 2025-07-30 UTC+2

Trading tips for crypto market on July 30 (North American session)

Bitcoin remains firmly above $118,000, clearly targeting a potential breakout above $120,000. Ethereum has seen a slight correction but continues to trade within a channel, signaling further upside potential. Today's

Miroslaw Bawulski 13:12 2025-07-30 UTC+2

Time to consider buying XRP?

Bitcoin and Ethereum continue to trade around the same levels, with no significant shifts in market dynamics. If current prices make these assets seem too expensive, perhaps it is worth

Jakub Novak 11:18 2025-07-30 UTC+2

Trading Recommendations for the Cryptocurrency Market on July 30

Bitcoin continues to trade within a narrow sideways channel, and a breakout will determine its next direction. Ethereum is showing the same pattern. Meanwhile, while you're considering whether it's worth

Miroslaw Bawulski 09:05 2025-07-30 UTC+2

Crypto market: buyers setting tone amid trade deals in anticipation of Fed's status quo

The crypto market's Fear & Greed index currently stands at 73 out of 100, indicating a Greed zone and strong buying interest from market participants. Meanwhile, Ethereum (ETH)

Jurij Tolin 14:58 2025-07-29 UTC+2

Demand for Bitcoin and Ethereum remains strong

As we observe corrections in the cryptocurrency market, there are always those who take advantage of the moment and actively buy up discounted assets. According to analytical think tanks, many

Jakub Novak 09:28 2025-07-29 UTC+2

Trading Recommendations for the Cryptocurrency Market on July 29

Bitcoin corrected by the end of yesterday, testing the $117,500 level, but is already trading above $119,000 today, indicating sustained high demand even during minor pullbacks. Ethereum has also recovered

Miroslaw Bawulski 08:42 2025-07-29 UTC+2

Trading tips for crypto market on July 28 (North American session)

Bitcoin has once again failed in its attempt to test and consolidate above the $120,000 mark, currently dipping back below $119,000. Ethereum has also slightly retreated after attempting to break

Miroslaw Bawulski 14:04 2025-07-28 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.