The 'Christmas Miracle' is here! Bitcoin is sprinting towards the 100,000 mark, can it hold steady?
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Bitcoin's holiday rebound: Optimism ignites the market
The 'Christmas Rebound' has become a focus in the crypto market, as Bitcoin demonstrates its year-end potential once again. Economist Alex Krüger points out that this holiday surge often stems from positive sentiment and decreased trading volume. Recently, Bitcoin rebounded from a key support level of $94,500, and the current price is approaching $98,000, nearing a psychological barrier.
Breakthroughs and concerns coexist
Although the price rebound is encouraging, the lack of trading volume exposes the potential fragility of the rise. If Bitcoin breaks through $100,000, it will provide significant psychological momentum, potentially triggering a new wave of increase. However, if it fails to stabilize, it may fall back to $94,500, or even test the $85,000 support level.
Cautiously optimistic: The unknown after the rebound
This rebound has briefly brought hope, but the future direction remains uncertain. The lack of strong buying pressure and market uncertainty remind traders to stay cautious. Whether Bitcoin can maintain its upward momentum through holiday sentiment will be revealed in the coming days, possibly setting the tone for the New Year market.
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