Christmas Miracle: Bitcoin Makes a Strong Comeback at $100,000, $110,000 Target Within Reach!

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Driven by the stock market's 'Santa Claus Rally,' Bitcoin has once again surpassed $100,000, igniting investors' fervent expectations for record highs. The S&P 500 index rose 1.1%, providing strong support for Bitcoin's surge, with bullish sentiment in the market at an all-time high.

Bitcoin soared on Christmas Day, reviving the entire crypto market. Analysis firm Santiment pointed out that although market optimism is soaring, a moderate level of calm might be more beneficial for Bitcoin to hit new highs. At the same time, MicroStrategy announced an expansion of its Bitcoin holdings through new stock fundraising, which became a major positive driver.

Historical data shows that the S&P 500 index usually performs strongly during the Christmas period, and Bitcoin's high correlation with it suggests that larger gains may be brewing. Crypto analyst Captain Faibik stated that Bitcoin is currently in an upward channel, targeting $110,000, while the recent healthy pullback lays the groundwork for further breakthroughs. As options expiration approaches, market volatility for Bitcoin has intensified, with 24-hour liquidation amounts soaring to $65 million.

The market is focusing on whether Bitcoin can leverage this momentum to set a new historical high, and the cryptocurrency rebound wave may just be beginning.

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