CandleFocus Bitcoin Traders Flip Bullish After Christmas Jump: Is $110K Finally Within Reach?
2024-12-26
Author: Content Editor
Bitcoin has shown signs of strength and bullish sentiment following a recovery push. On Christmas day, it surged to highs just above $99,900, sparking optimism of reaching a psychologically important level. Traders are optimistic about the asset's short-term price, but historical data indicates that price corrections often follow these optimistic predictions. The current price is facing rejection at the $100,000 level, and hopes of a rally to new highs may depend on a potential Santa rally.
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