- As the holiday season approaches, Bitcoin (BTC), breaking through the resistance zone and continuing its journey towards gains, might be delivering presents instead of Santa Claus.
- In the last year, Bitcoin has exhibited an impressive increase of 123.03%, showcasing a remarkable surge. This increase indicates that BTC has outperformed 79% of the top 100 crypto assets.
- Bitcoin, positioning itself as a cryptocurrency to be carefully monitored in the dynamic crypto landscape, has seen 17 green days in the last 30 days.
As the year-end approaches, Bitcoin’s price is striving to reach the $40,000 target. What will be the price of Bitcoin on Christmas Day?
What Will Be the Price of Bitcoin on December 25th?
As the holiday season approaches, Bitcoin (BTC), breaking through the resistance zone and continuing its journey towards gains, might be delivering presents instead of Santa Claus. The increasing applications for spot Bitcoin exchange-traded funds (ETFs) and the growing interest from leading institutions have significantly shaped investor sensitivity towards the cryptocurrency in the past few weeks.
Amidst the increased interest of investors in Bitcoin’s movements in the coming weeks, COINOTAG sought insights from an advanced artificial intelligence using sophisticated machine learning algorithms. These algorithms meticulously evaluate dynamic market conditions and assess the probability of Bitcoin’s success until Christmas Day by analyzing relevant indicators, including moving average convergence divergence (MACD), relative strength index (RSI), Bollinger Bands (BB), and others.
Interestingly, the algorithms predict that BTC will decrease by -0.04%, reaching $37,033 by the end of the month. This calculation is derived from a wide range of technical indicators, including MACD, RSI, Bollinger Bands, and others.
Current Status of Bitcoin Price
In the last year, Bitcoin has exhibited an impressive increase of 123.03%, showcasing a remarkable surge. This increase indicates that BTC has outperformed 79% of the top 100 crypto assets. Additionally, the leading cryptocurrency is currently trading above the 200-day simple moving average, indicating a positive trend that attracts the attention of experienced investors.
Continuing in a strong market position, Bitcoin, with 17 green days in the last 30 days, reinforces its position as a cryptocurrency to be carefully monitored in the dynamic crypto landscape.
BTC is currently trading at $37,100, reflecting a daily decrease of 0.90%. Crypto analyst Michaël van de Poppe shared his perspective on the current state of Bitcoin in a post. van de Poppe predicts that Bitcoin’s next breakout will occur when it surpasses the $38,000 threshold. Until this point, he believes Bitcoin will go through an accumulation phase or even declines.
