Famous analyst spoke: “I am ready for the Christmas rally for Bitcoin!”

Mister Crypto, known for his cryptocurrency analyses, made promising comments for Bitcoin, which continues its downward trend.
The leading cryptocurrency fell to $92,442 on December 23, seeing its lowest price since the end of November. #Bitcoin lost 14.5 percent of its value from its peak of $108,000 on December 17. Bitcoin, which briefly recovered and retested the $95,000 level, fell to $94,000 on the morning of December 24, but analysts continue to have a positive view.
$BTC , which has been pricing in a downward direction since seeing $108,000, has upset crypto investors quite a bit. However, the annual closing and the approach of Christmas have increased hopes. Mister Crypto, a crypto analyst with 119,000 followers on X (formerly Twitter), shared a post saying, “I’m ready for a Christmas rally in Bitcoin!”
Based on the price movements in 2016 and 2020, the analyst stated that he expects a big rise in BTC. As of the writing of the news, BTC, which is trading at $93,800, will increase these expectations if it breaks above $100,000.
According to a study published by CoinGecko on December 13, crypto markets experienced rallies in 8 out of 10 periods following the Christmas holiday from 2014 to 2023. During these rallies, the total crypto market value increased by 0.7 percent to 11.8 percent from December 27 to January 2.
However, there was no Santa Claus rally after the 2021 cycle peak. Bitcoin lost 26% of its value from its peak of $69,000 that year to Christmas Day and has continued its downtrend throughout 2022.

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