Weekly price analysis: The market recovers from the technical sale

• Despite a market-wide drop at the beginning of last week, the cryptoma market recovered when Bitcoin closed the week at $ 102,800.
• Bitcoin has now reached a new all-time high of $ 106,000.
Meanwhile, US spot crypto ETFs continue to record successive days with positive tributaries.

Bitcoin

Bitcoin has recorded new highs of $ 106,400 since his decline last week, which is primarily due to positive ETF inflows, since US spot bitcoin ETFs record another week in a row.

From December 9th to 13th, $ 2.17 billion flowed into the top 10 US spot BTC ETFs.

The current price development shows that Bitcoin has broken its previous high of $ 104,000 and is traded at $ 104,500 after it has reached a new high of $ 106,600.

The interest decision of the Fed on December 18 could have a significant impact on price development. Expectations are restrictive because the cuts in controlled cuts are pending next year, which could have a negative impact on risky assets such as Bitcoin.

Precikation data support a restrictive attitude because the Bitcoin price could push down to get a low level of around $ 100,000.

ethereum

The second largest cryptocurrency recovered from a weekly low of $ 3,500 to a local high of $ 4,000. In contrast to Bitcoin, the previous high of $ 4,100 did not break.

In the meantime, the tributaries in Ethereum-Spot-ETFs remained positive throughout the last week and amounted to a total of $ 854.8 million.

Ethereum is traded at $ 3,950 at the time of publication.

Solana

In contrast to Bitcoin and Ethereum, which have recovered since last week, the price of Solana has dropped because it could not close over his all-time high of $ 260 on a daily basis.

The price movement in the intermediate rooms (H4/H1) shows rejection and sales from local offer zones, which can last up to a logical demand zone at $ 160. The price of Solana has to break over $ 247 in the 4th half of the year and finally close over the all-time high in the daily time frame to continue its upward trend.

Solana is traded at 214 US dollars at the time of publication.

wave

The price movement of Ripple was incredibly optimistic after the legal successes and the expected changes in the US regulatory landscape. The cryptocurrency exceeded its previous all-time high of $ 1.99 on December 3 and reached a new high of $ 2.90.

recent price movements show a withdrawal from the highest stands, since the price formed a new local offer zone, rejected it and sold it from there. A continuation of the current trend would lead to the price of the price of liquidity at the level of $ 1.90, while a reversal would lead to the price of over $ 2.65.

At the time of publication, Ripple noted at $ 2.36.