#ChristmasMarketAnalysis It is important to note that Bitcoin’s price doesn’t consistently rise every Christmas season. However, in bullish market phases, the cryptocurrency tends to perform strongly during this period. Conversely, bear markets have typically brought significant Christmas Bitcoin price declines during the festive season.
Bitcoin saw a significant rally during Christmas week in previous halving years. For example, in 2020, Bitcoin surged by 25.63% during the 52nd week. Similarly, in 2016, it gained 11.25%, and in 2012, it recorded another impressive double-digit increase.
BTC has already recorded an 8.71% increase this December. If historical trends hold true, the cryptocurrency could see further gains next week, potentially edging closer to the $120,000 mark.