that could drive the PRICE OF BITCOIN to USD 110,000 during this week
The 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.
During this week, there is a possibility that Bitcoin (BTC) could experience a historic “Santa Rally” that could bring 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 so far this year and surpassing USD 108,000 before a recent correction, there are promising signals that could indicate a continuation of this bullish pattern.
The “Santa Claus Rally,” originally observed in the stock market, describes a period of optimism and higher returns in late 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.