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'Santa Claus Rally': Why Bitcoin is Primed for a Christmas Surprise

From ccn.com

Nearly 11 months into a bear market that has seen the bitcoin price take a two-thirds haircut from its all-time high, the flagship cryptocurrency could be on the verge of a year-end rally. Mati Greenspan, senior market analyst at eToro, has been watching for a bitcoin breakout for some time now, and he said in market commentary made available to CCN that there are early indications that cryptocurrencies will see a “Santa Claus rally” heading into the new year. “In traditional markets, it’s very common to see a stock rally leading up to the end of the year due to the increased activity in the private sector during the ... (full story)

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  • Category: Technical Analysis