Well-known analyst says: "Bitcoin Christmas rebound, here I come!"
Mister Crypto, a big name in the cryptocurrency circle, is very clear about the recent decline of Bitcoin. He said that he is optimistic!
On December 23, Bitcoin fell to $92,442, which is the lowest price since the end of November. From the high of $108,000 on December 17, it fell by 14.5%. Although there was a rebound in the middle and returned to $95,000, it fell back to $94,000 on the morning of the 24th. But Mister Crypto is still optimistic about it.
Investors are very upset about the decline of Bitcoin. But as the end of the year and Christmas are approaching, everyone has a glimmer of hope in their hearts. Mister Crypto has 119,000 followers on X (formerly Twitter). He posted a message saying, "Bitcoin Christmas rebound, here I come!"
He also said that based on the experience of 2016 and 2020, Bitcoin will rise sharply. Bitcoin is now $93,800. If it breaks $100,000, it will be more stable.
CoinGecko has done research before. From 2014 to 2023, the crypto market rebounded eight times in the ten days after Christmas. In these ten days, the value of the entire crypto market increased by 0.7% to 11.8%.
However, after the peak of the cycle in 2021, Santa Claus did not come to deliver a rebound. Bitcoin fell 26% from the peak of $69,000 that year, and it has been falling all year in 2022.
But our analyst is full of confidence. He is waiting for Bitcoin's Christmas rebound!
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