Tweet Thread: Bitcoin Santa Claus Rally 🎅🚀
Bitcoin sometimes sees significant price moves during the last week of December into the New Year.
Lets look at the data -> Its good.🧵
2/ What is the Santa Claus Rally?
The "Santa Claus Rally" refers to a seasonal period of bullish momentum in late December sometimes driven by year-end Profit/bonus objectives.
For BTC, this trend has also been observed.
3/ Bitcoin's best Santa Rallies occurred after breaking the previous cycle high (ATH from the last bull market):
2013: +19.5%
2016: +11.3%
2020: +35.9%
Average return: ~22.2% 🔥
4/ Here is all the data i asked GPT to compile:
5/
When Bitcoin clears the previous cycle high, the Santa Rally tends to print big gains.
Obviously this is not guaranteed and is merely an observation of data.
But..
If 2024 plays out like 2013, 2016, or 2020, its going to be a good one.
Sector:
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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