🎄 Santa Rally hasn’t reached extended to crypto
1/ 📉 For now, however, the beginnings of a Santa Rally have not extended to crypto. BTC rose towards $90K during Asian trading hours — however it ultimately failed to hold the $90K level and for most of the US trading session, it slowly fell lower. It now trades at $87K, with the psychological $90K level continuing to act as a strong area of resistance.

3/ 📊 Nonetheless, after lingering close to historical lows (levels of extreme panic), our Risk Appetite Index for BTC and ETH continue to show tentative signs of forming a bottom.


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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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