Will Santa Claus Boost BTC to $120,000?

Over the past week, Bitcoin has fallen by more than 7%, and this significant market fluctuation in the week before Christmas seems to confirm the impression that during the Christmas period, BTC always undergoes noticeable changes. Historically, Christmas does not determine whether BTC will definitely rise or fall, but based on past experiences, if BTC closes higher in September of any given year, this upward trend usually continues through October, November, and December. This year, BTC had the best performance in September in its history, and many analysts, such as Steven McClurg, CEO of Canary Capital, believe that BTC may break through $120,000 during this Christmas period.

The global recognition of BTC’s value is becoming more widespread. On December 23rd, MicroStrategy, a U.S. public company known for investing in BTC, was officially included in the NASDAQ-100 Index. Based on current data, for every $10,000 invested in the NASDAQ index, $25 of it is in Bitcoin. In such an optimistic market environment, according to the latest data from AICoin PRO, major spot traders on Binance are focusing on the $110,000 and $120,000 levels, with both orders exceeding $30 million; at the same time, major traders on Bitstamp have been placing large orders above $110,000 for more than 6 days. In the short term, many investors are optimistic that BTC will break through $120,000 soon. In the long term, based on the analysis of the global situation and confidence in the Trump administration, many investors believe that by 2025, BTC will break through $250,000 and even $800,000.

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Finally, BITMARS would like to remind everyone that all investments carry risks, so decisions should be made cautiously.

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