Bitcoin

Material

Rise

<p>Will Bitcoin experience an intoxicating rise or a chilling fall? With a fear and greed index at 73 and a price flirting with $43,016, predictions are as varied as snowflakes. Let’s dive into this fascinating universe where cryptos and Christmas tales intersect.</p>
<h2 id="h-a-tight-trading-range-accumulation-or-prelude-to-a-fall">A Tight Trading Range: Accumulation or Prelude to a Fall?</h2>
<p>Following rumors of Bitcoin being <a href="https://www.cointribune.com/en/bitcoin-under-attack-price-drop-and-surge-in-fees/" target="_blank" rel="noopener noreferrer nofollow">attacked,</a> BTC has held within a tight trading range. Experts, like children scanning the sky for the magical sleigh, are divided in their interpretations.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p><a href="https://twitter.com/CredibleCrypto/status/1738637643728973877" target="_blank" rel="noopener noreferrer nofollow">Credible Crypto</a>, a popular analyst, sees this stability as a promising accumulation, much like Santa Claus loading his sleigh with gifts.</p>
<p>He believes that <strong>an ascent towards $50,000 </strong>is imminent for Bitcoin, like the eagerly awaited delivery of gifts.</p>
<p>The market indicators seem to be reset, ready for a fresh start. However, this outlook is reminiscent of Christmas tales where everything seems calm before the storm.</p>
<p>Like in any good Christmas story, there is an obstacle to overcome. For Bitcoin, it’s <strong>the resistance at $45,000</strong>. With about <a href="https://x.com/MI_Algos/status/1738684510290452510?s=20" target="_blank" rel="noopener noreferrer nofollow">92 million dollars in liquidity</a> waiting at this level, it’s as though Santa Claus encountered a thick fog just before delivering his gifts.</p>
<p><a href="https://twitter.com/KAProductions/status/1738610224238333989" target="_blank" rel="noopener noreferrer nofollow">Keith Alan</a>, from Material Indicators, provides a contrast to this optimistic view. He suggests that the holiday trading activity might not be enough to overcome this barrier. It’s like a hesitant Santa Claus: should he continue on his way, or wait for the fog to clear?</p>
<h2 id="h-a-modest-but-promising-december-for-bitcoin">A Modest but Promising December for Bitcoin</h2>
<p>Ultimately, despite turbulence and uncertainties, Bitcoin appears to be heading towards a modest but promising December.</p>
<p>With gains of about 16% since the start of the month and a remarkable quarterly performance, the most famous cryptocurrency shows a resilience worthy of a Christmas story.</p>
<p>Expectations focus on the approval of the first American spot-priced Bitcoin ETF, scheduled for <a href="https://www.cointribune.com/en/bitcoin-first-sec-approved-etf-revolution-expected-on-january-10th/" target="_blank" rel="noopener noreferrer nofollow">January 10, 2024.</a> This anticipation is like waiting for Christmas morning to unwrap gifts: exciting but uncertain.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="2">
 </div>
</div>
<p>As Santa Claus continues his mysterious journey across the night sky, the trajectory of Bitcoin remains a modern Christmas tale, full of suspense and promises. Will the Crypto Santa bring a euphoric rise or a frosty correction?</p>
<p>In the meantime, investors, like children on Christmas Eve, keep their eyes on the crypto sky with hope and a hint of anxiety. What will 2024 bring? Bullish or bearish, Bitcoin continues to captivate imaginations and wallets across the globe. Meanwhile, <a href="https://www.cointribune.com/en/bitcoin-el-salvador-offers-free-citizenship-to-btc-donors/" target="_blank" rel="noopener noreferrer nofollow">El Salvador is offering free citizenship to BTC donors.</a></p>

Bitcoin: Santa Claus’s Predictions – Thrilling Rise or Icy Fall?

Table of Contents

Cointribune EN

Other articles published on Dec 26, 2023

Solana’s Rise and Interoperability with Ethereum

Inflow of Funds Increase This Week Following ETF Applications

DeepBrain AI: A Game-Changer in AI-Powered Video Production

Top 10 Meme Coins To Invest In 2024

Ethereum Stops At $2,300 As It Faces A Collapse Or Breakout

Mysterious 20M XRP Transfer Sparks Speculation Amidst Neutral Market Conditions

Join our free newsletter for daily crypto updates!