#ChristmasMarketAnalysis

The cryptocurrency market has been experiencing significant volatility during the 2024 Christmas period.

Bitcoin recently reached a high of approximately $$ 108,000, but has since corrected by around 15%, currently trading at around $$ 93,000. 

This decline reflects a common correction in bull markets, where pullbacks of up to 30% are considered normal. 

Despite the recent correction, analysts remain optimistic about Bitcoin's performance in the medium and long term.

Some predictions indicate that BTC could reach values ​​between $$ 115,000 and $$ 120,000 by the end of 2024, driven by factors such as the halving that occurred earlier in the year and increased institutional adoption. 

However, it is important to note that the crypto market lost $$ 48 billion in total market capitalization in the last 24 hours, with Bitcoin falling 1% to trade at around $$ 94,900. 

In addition, the cryptocurrency market as a whole has also faced challenges.

Total market cap fell by over $$ 48 billion over the weekend, now standing at $$ 3.18 trillion, below the resistance level of $$ 3.29 trillion. 

In summary, while Bitcoin and other cryptocurrencies are going through a correction phase this holiday season, the long-term outlook remains positive, with potential for further gains in the coming months.