đ A bullish December rally could still be in the books
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I am once again asking: Could we see a Santa Rally?
Kaiko analysts reckon thereâs a chance, though they donât think itâs worth getting your hopes up for bitcoin at $120,000 by year-end (sad).
The options data, as seen below, looks promising for a bullish December finale. There are far more calls than puts.
However, analysts think that any rally may be distributed across the ecosystem, with other coins getting a boost.
âAny upcoming rallies will likely be much broader than last year. Since the election smaller layer-1 coins have been outperforming BTC and ETH as traders repricing risk amid regulatory shifts in the US,â the analysts wrote.
Oh, and any Santa Rally we see may not follow the traditional timeline of a rally (meaning that it occurs in the last five days of the year into the first two days of the new year). Letâs just hope Santa and his elves donât have to work too much harder for everyoneâs bags, I guess.
This just underpins what weâve been hearing from analysts and folks around crypto, which is that they expect crypto to come out looking strong in the beginning half of next year. In this weekâs Empire pod, Daniel Matuszewski of CMS Holdings and Roshun Patel from Hack both carried a bullish tone.
Patel, in particular, thinks that there could be big ETF inflows in January but expects seasonality to be a factor once we inch towards the summer.
âI think as you go into March or May, you can maybe think a little bit more about portfolio rebalancing, but for now itâs like. It feels pretty healthy,â he told Jason Yanowitz.
On the other hand, Matuszewski said that altcoins could have a similar market cycle to what weâve seen in the past. However, he still expects âcrazy swingsâ from the likes of memecoins and AI chatbot tokens. If Iâm being honest, Iâd be more afraid if both memecoins and AI chatbots werenât volatile.