#ChristmasMarketAnalysis
As the countdown to Christmas begins, the crypto market is buzzing with anticipation to see if the festive spirit will ignite a record-breaking rally this year. Historically, Bitcoin (BTC) has delivered a “Santa Rally” during halving years, characterized by bullish price movements in the week leading up to Christmas.
Bitcoin typically posts strong gains during Christmas week in halving years, with December already up 8.71%.
On-chain Metrics like the Puell Multiple (1.15) and Cycle Top/Low suggest that BTC is far from its cycle peak.
BTC could rally toward $120,000 by Christmas if accumulation holds; but selling pressure may draw it down.
