Bitcoin is approaching $100,000! Can the 'Christmas Rally' ignite a new wave of bull market frenzy?
The bells of the crypto market are ringing with holiday melodies, as economist Alex Kruger boldly announces: 'The Christmas rally is finally here!' Bitcoin has rebounded from the key support level of $94,500 to $98,000, just a step away from that coveted $100,000 mark. The charts seem to be smiling, but the trading volume is warning: is this rise a prelude to a bull market or just a holiday firework?
Historically, late December has always been a breeding ground for 'unexpected surprises' in the market, but without solid purchasing power support, this party may end early. If the psychological barrier of $100,000 is lost, retesting $94,500 or even $85,000 is not impossible.
Old Tan's view: This is not the moment for frenzied chasing of prices, but a key point to sharpen one’s eyes and treat market sentiment rationally! In the absence of strong trading volume, the so-called 'Christmas miracle' may just be a fleeting firework. The next few days will determine the market's true foundation, whether it will leap or pull back, and traders must act cautiously.
Understanding the rhythm of the market is the beginning of mastering wealth! Follow Old Tan closely, lay out your plans in advance, and let the next peak belong to your account! Keep an eye on Old Tan, and never let opportunities slip away!