Famous analyst speaks out: "Bitcoin Christmas rebound, here I come!"
Crypto circle big shot Mister Crypto is not pessimistic about Bitcoin's recent decline.
You see, Bitcoin dropped to $92,442 on December 23, the lowest price since the end of November. From the high of $108,000 on December 17, it has dropped 14.5%.
Although it rebounded to $95,000 in between, it fell back to $94,000 again on the morning of the 24th. But Mister Crypto is still optimistic about it.
This downward trend has indeed made many cryptocurrency investors anxious. But as the year ends and Christmas approaches, everyone is starting to have hope again. Mister Crypto has 119,000 followers on X (formerly Twitter), and he posted: "Bitcoin Christmas rebound, here I come!"
Based on price trends from 2016 and 2020, he believes BTC is set for a big rise. Currently, the BTC trading price is $93,800, and if it breaks $100,000, his prediction will be even more credible.
CoinGecko's research on December 13 also stated that from 2014 to 2023, the crypto market rebounded 8 times within 10 days after Christmas. During this period, from December 27 to January 2, the entire crypto market value increased by 0.7% to 11.8%.
However, after the peak cycle in 2021, there hasn't been such a good Christmas rally. On Christmas Day, Bitcoin fell 26% from its peak of $69,000, and continued to decline in 2022.
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