Price analysis of December 25: BTC, ETH, XRP, SOL, BNB, DOGE, ADA, AVAX, LINK, TON
Bitcoin's recovery shows strong buying at lower levels, increasing the possibility of surpassing 100,000 dollars in the short term.
Bitcoin bulls BTC94,348 € are trying to initiate a Santa Claus rally by pushing the price back above the psychological level of 100,000 dollars, but higher levels could attract sellers. Bitcoin has gained almost 2% in December, but it will have to do more to reach the 12.18% increase recorded in December of the previous year, according to data from CoinGlass.
CryptoQuant contributor, Joo Hyun Ryu, stated in a Quicktake post that demand for Bitcoin has increased from short-term speculators (STH) and Korean investors. The STH ratio increased by 3% in a week, and the “Kimchi Premium,” the aggregated price difference between South Korean exchanges and others, reached a local maximum of 5.12.
