CandleFocus Santiment Founder Reveals What To Expect In Bitcoin And Altcoins Between Now And New Year’s Eve
2024-12-21
Author: Content Editor
Cryptocurrency analytics firm Santiment has released its latest market assessment, highlighting the importance of analyzing the average dollar investment age (MDIA) to gauge the health of the market. Founder Maksim Balashevich stated that a falling MDIA indicates upward price movements and a healthy cycle for assets. The market is currently showing signs of accumulation, with investors remaining confident despite price corrections. Balashevich warned that this could lead to either a long-term uptrend or short-term fluctuations. Historically, December has seen significant market swings and major corrections after all-time highs. Balashevich suggested that year-end profit-taking for tax purposes may result in further price declines. However, Santiment analysts remain optimistic about 2025, predicting softer market conditions as the industry matures and adapts to macroeconomic factors.
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