Bitcoin Price and Ethereum Prediction; BTC Mining Difficulty Drops 3.6%

Bitcoin is trading with a bullish bias on January 3rd after breaking above the $16,650 level, and it is now likely to head for the $16,750 level. Ethereum, on the other hand, has breached a narrow range of $1,180 to 1,210 and is now heading north for new highs.

The global crypto market cap increased 1.25% to $805.12 billion on the previous day, as major cryptocurrencies traded in the green early on January 3. The overall crypto market volume in the last 24 hours has increased by 36.27% to $23.72 billion. 

DeFi’s total volume is currently $1.70 billion, accounting for 7.18% of the overall crypto market 24-hour volume. The overall volume of all stablecoins is now $21.24 billion, accounting for 89.56% of the total 24-hour volume of the crypto market.

BTC Mining Difficulty Drops 3.6%

Due to continuing cash problems mostly driven by low Bitcoin prices and high energy expenses, some US mining corporations unplugged on Tuesday morning in Asia, resulting in a 3.59% drop in the difficulty of mining Bitcoin. 

Based on data from BTC.com, the mining difficulty reading for Tuesday’s bimonthly adjustment was 34.09 trillion at block height 770,112, a 3.27% increase over the last adjustment on December 19.

When compared to the previous record low of 24.37 trillion on January 8 of last year, the current Bitcoin mining difficulty estimate is approximately 40% higher.

Bitcoin Price 

The current bitcoin price is $16,748, and the volume of trading in the last 24 hours is $11 billion. On the technical front, Bitcoin is facing significant resistance at $16,800, and a bullish breakout of this level could determine future market trends. BTC’s immediate resistance remains at $16,950, and a bullish crossover above this level could take BTC to $17,150.

The RSI and MACD indicators have entered the buying zone, indicating that a pullback is possible. Moreover, Bitcoin has also crossed over the 50-day moving average at $16,650, and now it’s acting as a major support for BTC.

A break below the $16,650 level, on the other hand, could expose BTC to the $16,350 or $16,250 levels. 

Ethereum Price 

The current price of Ethereum is $1,217, with a $3.7 billion 24-hour trading volume. Ethereum is on the rise, having gained 1.25% and gaining immediate support at the $1,200 level.

On the upside, ETH’s immediate resistance stays at the $1,225 level, and a bullish breakout can expose the price toward the $1,260 or $1,280 level. 

While support remains around $1,200, a break below this can open up more room for selling until $1,150. The RSI, MACD, and 50-day simple moving average all indicate a bullish trend. So look for buying opportunities today.

Alternative Coins with Massive Growth Potential

Despite the market’s continued bearishness, a few altcoins are making headlines in 2023.

FightOut (FGHT)

The FightOut (FGHT) platform works in the same way as a personal trainer, except that the FGHT token is preemptively rewarded for exercise time. All activities are recorded and can be used to improve the statistics of one’s metaverse avatar. 

With over $2.5 million already raised, the FGHT presale is doing well. As the sale progresses, the current selling price of 60.06 FGHT for $1 (FGHT can be purchased with ETH or USDT) will rise.

Visit FightOut Now

Dash 2 Trade (D2T)

Dash 2 Trade is an Ethereum-based platform that will offer real-time statistics and social trading data when it launches in early 2023. Trading signals, on-chain analytics, strategy-building tools, and newsfeeds will be among the initial features, helping both new and experienced traders keep up with the volatile bitcoin market. 

Dash 2 Trade, one of the largest ICOs of 2022, has launched its dashboard beta, with only seven days until the presale ends. To date, D2T has raised more than $12.44 million in venture capital. D2T is the system’s access coin, and it is now worth $0.0533 in the presale after initially selling for $0.0476 to investors.

Visit Dash 2 Trade Now

C+Charge (CCHG) 

C+Charge (CCHG) is a cutting-edge blockchain-based technology that aims to compensate electric vehicle owners for charging and driving their vehicles. Its native token, CCHG, is currently on the market. Electric vehicle use has increased significantly in recent years all over the world. 

The electric vehicle (EV) industry has emerged as a more environmentally friendly alternative to the traditional automotive industry, which has been crying out for change. Thanks to companies like Tesla, Rivian, and others, people can now buy EVs and participate in the green revolution. 

To demonstrate its scalability, the platform has already agreed to add 20% of Turkey’s EV chargers to its network. 1 CCHG is $0.013, and it can be purchased with BNB or USDT. The presale has so far raised $64,570.

Visit C+Charge Now

Find The Best Price to Buy/Sell Cryptocurrency