Saturday, June 25

Bitcoin’s ‘Santa Claus Rally’ Stops At $ 51,500 Mark By CoinTelegraph

© Reuters. Bitcoin’s ‘Santa Claus rally’ stops at the $ 51,500 mark

The price of (BTC) lost momentum at $ 51,500 on December 24, causing traders to weigh the odds of a “Santa Claus rally” occurring at Christmas.

  • High expectations for the possibility of a Santa Claus crypto rally

1-hour candlestick chart of the pair (Bitstamp). Source: TradingViewBTC Sees Powerful Long-Term Retest Data from Cointelegraph Markets Pro and TradingView saw the BTC / USD pair retain its gains on Thursday, amounting to 6%, with more recent resistance above $ 51,500.

The opinions of the weary traders were mixed; They talked about the strength of the upside and whether it could last long.

Read the full article on Cointelegraph

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