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Will BTC receive a surprise from Santa Claus? - BTC analysis updates
I have been looking forward to Santa Claus 🎅 bringing us Christmas surprises, because from 2014 to 2023, the cryptocurrency market has seen "Santa Claus surprises" in 8 out of 10 years. Generally speaking, the average increase from December 27 to January 2 is 0.7% to 11.8%.
If we follow the pattern of 2016 and 2020 in the figure, BTC rose by about 20% during Christmas and New Year in 2016, and BTC rose by nearly 50% during Christmas and New Year in 2020.
The extent of Bitcoin's rebound during Christmas this year remains to be seen. The reason may be the price manipulation of large institutions, which I mentioned in my previous analysis, and it just happened to coincide with the information released by FOMC a few days ago, which led to the decline of the entire international financial market.
BTC ended its volatility last night, with an increase of about 4% so far, and the current price is 98112 US dollars. 105K to 108K US dollars will be its resistance range this time.
If BTC can successfully break through the resistance value, then the Christmas surprise is not far away, and it may reach the price range of 116K to 120K.
If the challenge of the 105K-108K range is rejected, BTC may fall again in the short term📉. This decline value is calculated based on historical data. If it falls by 20%, it may fall to around 86K.
Finally, Merry Christmas to everyone!
And Happy trading!
$BTC
#BTC☀️ #write2earn #merrychristmas2024
If we follow the pattern of 2016 and 2020 in the figure, BTC rose by about 20% during Christmas and New Year in 2016, and BTC rose by nearly 50% during Christmas and New Year in 2020.
The extent of Bitcoin's rebound during Christmas this year remains to be seen. The reason may be the price manipulation of large institutions, which I mentioned in my previous analysis, and it just happened to coincide with the information released by FOMC a few days ago, which led to the decline of the entire international financial market.
BTC ended its volatility last night, with an increase of about 4% so far, and the current price is 98112 US dollars. 105K to 108K US dollars will be its resistance range this time.
If BTC can successfully break through the resistance value, then the Christmas surprise is not far away, and it may reach the price range of 116K to 120K.
If the challenge of the 105K-108K range is rejected, BTC may fall again in the short term📉. This decline value is calculated based on historical data. If it falls by 20%, it may fall to around 86K.
Finally, Merry Christmas to everyone!
And Happy trading!
$BTC
#BTC☀️ #write2earn #merrychristmas2024
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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