Bitcoin and the Christmas Rally

🟠Market participants are anticipating the traditional Christmas rally. In halving years like 2024, Bitcoin has historically shown growth. According to Coinglass, Bitcoin rose 25.63% in December 2020 and 11.25% in both 2016 and 2012.

🟠Since the beginning of December, BTC has gained 8.71%, and analysts predict further growth to $120,000. Indicators such as the Puell Multiple and Cycle Top suggest additional upside potential, as current values indicate the cycle peak has not yet been reached.

🟠Technical analysis also points to a possible move toward $116,000. However, increasing selling pressure could push the price below $100,000 before the end of the year.