#ChristmasMarketAnalysis
Price history at Christmas:
- 2020: Bitcoin increased by nearly 50% in December, reaching USD 28,000, driven by institutional adoption.
- 2021: There was a slight decline at Christmas (-5%) due to profit-taking, but the price remained relatively stable compared to other months.
- 2022: The market was depressed due to the effects of the FTX collapse and other negative events.
Possible consolidations for Christmas 2024:
1. Bitcoin (BTC):
- Could consolidate between USD 95,000 and USD 110,000, depending on liquidity and new institutional announcements or ETFs.
- Temporary downturns during the holidays due to lower activity.
2. Ethereum (ETH):
- With a positive trend, it could stay above USD 4,000 if there are no negative external events.
3. Altcoins:
- Greater volatility in lower market cap cryptos. Some may see spikes due to speculative interest.