The suspense of Bitcoin at the end of the year: Can the "Santa Claus effect" turn the tide? 🎅🎅
1. Bitcoin recently fell from $108,000 to $92,000 and then rebounded to $94,000. Whether it can rebound at the end of the year with the "Santa Claus effect" is of concern.
2. Historically, the market performance after Christmas has been mixed. There were rebounds in 2016 and 2020, and sharp declines in 2021 and 2022.
3. Bitcoin still has hope. The four-year cycle is still there. The expiration of options around December 27 may cause price fluctuations. The overall return in December is good. Let's wait and see the trend at the end of 2024.
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