#MarketRebount 💭💬💡

Hopes for a "Santa rally" for Bitcoin have faded after the price reached a December low………..!!!💸💵

Bitcoin has fallen 14.5% since its peak this month, as the cryptocurrency plummeted below $92,500 this week…………!!!💸💵

Bitcoin dropped to its lowest price since late November, dampening hopes for a "Santa Claus rally," which has historically generated solid gains during the holiday period in years that preceded market cycle peaks………!!💸💵

Bitcoin

BTC

tickers down

€90,608

dropped to $92,442 during overnight trading on December 23, its lowest price in four weeks, and a correction of 14.5% from its all-time high of just over $108,000 on December 17…...!!!!!💸💵

It briefly recovered to surpass $95,000 before falling back to $94,000 during early trading on December 24, and continues with a drop of more than 11% in the last week……..!!!!💸💵

Historically, cryptocurrency markets have performed well during the holiday season in bullish market periods, but Bitcoin's disappointing performance in December has dampened hopes for a so-called Santa Claus rally, a price jump during the last five trading days of December into the first two trading days of January…….!!!!💸💵

Cryptocurrency trader Mister Crypto compared Bitcoin's performance in previous years and noted that there were significant rallies between Christmas and New Year's in 2016 and 2020, the years that preceded market cycle peaks………!!!!💸💵