Did Btc's Santa Rally Start At $89k? 5 Things To Know In Bitcoin...
A Santa rally for Bitcoin and risk assets remained in the cards as the markets prepared for the last Fed interest-rate decision of 2025.
Bitcoin (BTC) started the second week of December above $90,000 as “Santa rally” talk began.
BTC price action focuses on a key resistance area in the low $90,000 region, but traders still see another dip coming.
Federal interest-rate decision week hangs over risk assets despite broad consensus that a cut will result.
The Fed decision will decide the fate of a Santa rally for stocks, analysis agrees.
For Bitcoin, seasonality suggests that this year’s “bear market” bottom timing could echo 2022.
Open interest and leverage remain muted in what could be light at the end of the tunnel for the bulls.
Bitcoin price volatility made a comeback into the weekly close, a pattern seen increasingly often this quarter.
After dipping to near $87,000, BTC/USD managed a weekly close around the $90,000 mark before further erratic moves on lower time frames, data from Cointelegraph Markets Pro and TradingView confirms.
Traders were wary of fakeout moves in both directions.
Source: CoinTelegraph