#ReboundRally Bitcoin ‘Santa Claus Rally’ Buyers Step In to Push Bitcoin Price to $98K

Bitcoin bulls everywhere may be in for a green Christmas as Bitcoin price experiences a surprise rally. Following the Wall Street open on December 24, “snap-heavy buyers” have lifted Bitcoin’s deflated price action.

BTC/USD 1-hour chart. Source: Cointelegraph/TradingView

Santa Claus Rally Talk Returns as Bitcoin Price Rises to $5,000

BTC/USD has hit a fresh local high of $98,020 on Bitstamp, data from Cointelegraph Markets Pro and TradingView showed.

Bitcoin is up more than 3% on the day, attracting fresh bids after a choppy start to the week that saw it retest its December lows.