Christmas Miracle: Bitcoin Strongly Returns to $100,000, with a Target of $110,000 Within Reach!

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

Bitcoin skyrocketed on Christmas Day, leading to a resurgence in the entire crypto market. Analysis firm Santiment pointed out that despite the soaring optimism in the market, a moderate calm might be more beneficial for Bitcoin's push for new highs. At the same time, MicroStrategy announced it would expand its Bitcoin holdings through new stock fundraising, which has become a major positive driver.

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

The market is focusing on whether Bitcoin can ride the momentum to create a new historical high, and the rebound craze of cryptocurrencies may just be beginning.

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