#XmasCryptoMiracles
Is Bitcoin Delivering Above $100K Christmas Miracle?
Current Momentum: A Mixed Bag
December started with Bitcoin flirting with record highs, but it’s now down $15,000 from last week’s peak. Still, $BTC has climbed by 2.28% in the past two hours, showing that short-term traders are staying active.
While these numbers are exciting, December’s movement feels average compared to Bitcoin’s usual end-of-year fireworks. Historically, December has swung both ways, so the cautious optimism we see now makes sense.
Indicators Hint at Growth Potential
Technical charts tell an interesting story. Bitcoin’s monthly RSI sits at 75.20, suggesting it’s oversold but with room to grow.
Zooming out, Bitcoin’s performance for Q4 2024 has been impressive. It’s up by nearly 49% this quarter alone. Year-to-date returns are even more stunning, with a 124% gain from January and a 157% jump from the year’s peak price
With just a week left in December, the final weekly candle could decide Bitcoin’s fate for the year. The possibility of a Christmas rally remains alive, driven by strong sentiment and reduced resistance. But let’s not ignore the risk of whale-driven liquidations that could keep prices below $100,000 for now.
One thing is clear—$BTC
$BNB and Bitcoin isn’t done surprising us. Whether it’s steady gains or a dramatic spike, the last few days of 2024 could still bring big.