#ReboundRally The cryptocurrency market is currently experiencing a notable rebound, with Bitcoin (BTC) recently surging above $98,000 after a period of volatility. This rebound is mainly attributed to increased buying pressure from large investors in the spot market, fueling hopes of a possible “Christmas rally”.

Key points:

• Historical performance: Bitcoin has historically seen mixed performance between mid-December and the New Year, with an average increase of 5.4%.

• Economic factors: Recent statements by US Federal Reserve Chairman Jerome Powell indicating a possible end to interest rate cuts next year have, however, prompted investors to be cautious.

• Political impact: The election of Donald Trump has also sparked renewed enthusiasm in the market, with some anticipating more crypto-friendly policies and regulatory clarity.

Recommendations:

While this rally is encouraging, analysts are urging caution due to Bitcoin’s inherent volatility and external economic factors. It is essential to monitor key resistance levels and overall market sentiment to assess the sustainability of this rally.