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Santa Rally for Bitcoin Price This December? 5 Big BTC Supports

Santa Rally for Bitcoin Price This December? 5 Big BTC Supports
Bitcoin bulls are expecting the cryptocurrency's price to rally further in December and into the New Year for several reasons. First, Bitcoin tends to perform well during low Federal Reserve interest rate regimes, and with the Fed cutting rates again, Bitcoin's price has been hitting new all-time highs. Additionally, Bitcoin's halving cycle, where the daily supply of new coins is cut in half every four years, is in favor of BTC bulls as it increases the spending power of long-term holders. Exchange liquidity for BTC has also declined, indicating conviction among long-term holders and the intention to save rather than sell. Furthermore, historically, Q4 has been Bitcoin's strongest quarter, and November has been a standout month. Lastly, President Donald Trump's pro-growth and pro-crypto stance is expected to benefit Bitcoin as his administration gears up.

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