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Bitcoin ‘Santa rally’ targets $120K as key BTC metric flips bullish
Bitcoin charged toward $90,000 during the early Asia trading hours on Monday as a key market metric suggested a “tactical” upside potential for BTC price. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting an intra-day high of $89,850, up 6.5% from a local low of $84,400. Bitcoin is “looking for a Santa Rally,” analyst AlphaBTC said in an X post on Monday. An accompanying chart suggested that the ongoing recovery could see the BTC/USD pair rise higher, first toward the yearly open at $93,300 and later toward the $98,000 and $100,000 resistance zone. “Give us an early X-mas present ... (full story)
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