Bitcoin jumped from a price of 94K USD to 99K USD in just one day, creating a massive green candle on the chart. This is a sign of a strong recovery for BTC after a period of adjustment. Analysts suggest that this price increase may be the result of 'whales' (those holding large amounts of BTC) starting to buy aggressively, along with market optimism during the holiday season.
However, some experts warn that after this increase, BTC may experience a slight adjustment down to 80K USD before continuing its growth cycle. This serves as a reminder for investors to be cautious and not let emotions dictate their trading too much!!
Continued growth after Christmas and after a correction: With the strong upward momentum during the Christmas holiday, if market sentiment remains optimistic and global economic factors do not experience significant fluctuations, BTC may continue to reach higher price levels. 'Whales' and long-term investors may continue to buy in, pushing the price up to 100K USD or more.
