Bitcoin Year-End Speculation: Can it Turn Around with the 'Santa Claus' Rally?
Bitcoin has recently dropped painfully, from $108,000 to $92,000, and is now rebounding to $94,000. As 2024 approaches its end, everyone is guessing whether it can bounce back thanks to the 'Santa Claus effect'.
Historical data shows that the market has rebounded after Christmas, especially in 2016 and 2020, but it saw significant drops in 2021 and 2022.
Despite this, Bitcoin still has hope; the four-year cycle pattern remains, and a large number of options are set to expire around December 27, which may trigger price fluctuations.
Although the Christmas trend is hard to predict, the overall returns in December are still relatively good. Let’s wait and see the final trend of 2024 together!
