#XmasCryptoMiracles
gtya!
Four years ago in 2020, the market made a wonderous rally starting from the 24th of December.
People say history repeats itself but in the crypto space, we talk about cycles.
Nevertheless, in my opinion, this is a totally different year before, the amount of institutional interest molded the market into another form starting from January 2024, after ETFs were introduced.
I would even dare to state that after January the cycle trend broke and a new type of cycle has started.
If not for the Bank of Japan rate hike after the German jury's sell of, we would have had 100.000 a few months sooner, without the help needed from the TrumpPump.
Today, on the 26th of December, most markets will open trading again.
The price targets remain the same. If the market manages to close candles between 99.500-96.000 the price will continue to test for the upside. If it breaks down below 96.000 and closes a candle there, then the possibility emerges that the market will retest the 93.000-92.000 range again.
Take care everyone, always DYOR and never FOMO!