With Bitcoin's price rebounding to $98,000, the Christmas rally has finally begun
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Bitcoin's 'Christmas rally' indeed comes at just the right time, breaking through $98,000 is an important market signal. After several weeks of uncertainty and consolidation, Bitcoin has regained its upward momentum, especially with the involvement of whale buyers, which seems to inject new vitality into the market.
This trend may indicate a warming sentiment in the Bitcoin market, especially during the holiday season at the end of the year, when more investors typically enter the market, driving prices up. However, it is important to note that the volatility in the crypto market remains high, and whether this upward trend can be sustained still requires close attention to the movements of whale buyers and institutional investors.
How long do you think this rebound can last? Or is it just a short-term market fluctuation?