A BLACK DECEMBER FOR BITCOIN:

WILL THE CHRISTMAS RALLY STILL HAPPEN?

Bitcoin's December performance has been disappointing, falling 14.5% from its peak high of $108,000 on December 17 to $92,442 on December 23.

This drop has raised concerns about the likelihood of a "Christmas rally," a phenomenon where cryptocurrency prices typically rise during the holiday season.

Historically, the crypto market has experienced a "Santa Claus rally" eight out of ten times between 2014 and 2023, with the total market capitalization increasing by 0.7% to 11.8% during the week from December 27 to January 2.

However, this year's decline has been significant, and it's unclear if the rally will still happen.

Some analysts predict that Bitcoin could reach $118,000 before 2025, offering a glimmer of hope for investors. Additionally, Bitcoin's social sentiment hit its lowest point this year on December 22, which could signal an imminent recovery.

Despite these positive predictions, it's essential to note that the crypto market is highly volatile, and prices can fluctuate rapidly. As of December 24, Bitcoin's price has rebounded slightly to $94,416.