tldr; Bitcoin is showing signs of a potential ‘Santa rally,’ with analysts targeting prices up to $120,000. BTC/USD recently hit $89,850, up 6.5% from a local low of $84,400. Key metrics, including short liquidations and derivatives structure, suggest bullish momentum. Analysts highlight $84,000 as a critical support level for sustained recovery. While some predict a rally, others warn of possible drawdowns to $70,000. The market setup and historical patterns indicate tactical upside potential, but risks remain.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
AngryFker on
it targets ~96k for options expiration
setokaiba22 on
A ‘Santa rally’ Jesus Christ
linknukem28 on
Ssssuuuurrrreeee
kingjoeg on
Thanks for the laugh
twendah on
Lets goo all innnn!!!!
lessgo321 on
40k
Hidden5G on
Maybe. All depends on the casino players at the table.
It’s a speculative driven coin manipulated by whale games…all while dependent on the next wave of buyers paying more…while it offers no utility for the new financial system.
Porn4me1 on
Not close to the down cycle end
There are people with new lower exit target numbers who will make a rally very hard to maintain.
Just average in and enjoy the discounts
dreampsi on
People usually pull out for Christmas but first of year usually rallies
Numerous_Wonders81 on
Algorand
theycallmekimpembe on
Not Happening. It will bounce again at 94,5K latest. Go back to around 85 and possibly drop even further.
Cuadriello on
Friendly reminder: None of you have any bloody idea what’s going to happen.
Optimal-Repair-5289 on
The metric flipping bullish matters more than the target, polymarket pricing suggests traders see upside skew but not certainty. That usually means late longs get chopped while patient capital waits for confirmation, not headlines
DiddysAfterparty on
Are those ants?
pepe1smth on
I wont go in at anything higher than 80k… my average is already low enough
CrossPuffs on
That’s what they want you to believe.
boringtired on
Who the fuck is Santa
ggPeti on
Ah, the daily horoscope.
fschu_fosho on
Last year BTC and ETH soared the highest around the holidays. Can’t see the full Dec 2024 view on Coingecko now but iirc we saw a months-long peak on Dec 25 or thereabouts.
22 Comments
tldr; Bitcoin is showing signs of a potential ‘Santa rally,’ with analysts targeting prices up to $120,000. BTC/USD recently hit $89,850, up 6.5% from a local low of $84,400. Key metrics, including short liquidations and derivatives structure, suggest bullish momentum. Analysts highlight $84,000 as a critical support level for sustained recovery. While some predict a rally, others warn of possible drawdowns to $70,000. The market setup and historical patterns indicate tactical upside potential, but risks remain.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
it targets ~96k for options expiration
A ‘Santa rally’ Jesus Christ
Ssssuuuurrrreeee
Thanks for the laugh
Lets goo all innnn!!!!
40k
Maybe. All depends on the casino players at the table.
It’s a speculative driven coin manipulated by whale games…all while dependent on the next wave of buyers paying more…while it offers no utility for the new financial system.
Not close to the down cycle end
There are people with new lower exit target numbers who will make a rally very hard to maintain.
Just average in and enjoy the discounts
People usually pull out for Christmas but first of year usually rallies
Algorand
Not Happening. It will bounce again at 94,5K latest. Go back to around 85 and possibly drop even further.
Friendly reminder: None of you have any bloody idea what’s going to happen.
The metric flipping bullish matters more than the target, polymarket pricing suggests traders see upside skew but not certainty. That usually means late longs get chopped while patient capital waits for confirmation, not headlines
Are those ants?
I wont go in at anything higher than 80k… my average is already low enough
That’s what they want you to believe.
Who the fuck is Santa
Ah, the daily horoscope.
Last year BTC and ETH soared the highest around the holidays. Can’t see the full Dec 2024 view on Coingecko now but iirc we saw a months-long peak on Dec 25 or thereabouts.
Is the “Santa Rally” in the room with us now?
Tax harvest season = sell pressure.