#BtcNewHolder #BtcNewHolder $BTC curious factor that could drive the PRICE OF BITCOIN to USD 110,000 during this week
With a 137% increase this year and promising technical signals, BTC could experience a rise in its value before 2025.
This week, there is a possibility that Bitcoin (BTC) could experience a historic "Santa Rally" that could take its price to $110,000. Historically, Bitcoin has shown remarkable performance during the week leading up to Christmas, especially in halving years. This year, with a 137% increase year-to-date and surpassing USD 108,000 before a recent correction, there are promising signals that could indicate a continuation of this bullish pattern.
"Santa Claus Rally," originally observed in the stock market, describes a period of optimism and higher returns at the end of December, where prices tend to rise during the holiday season. According to the Stock Trader's Almanac, stocks have risen in December 80% of the time between 1950 and 2022. This phenomenon has extended to the cryptocurrency market, where traders wonder if similar gains could occur.
