As the end of 2023 approaches, the expectations of investors in the crypto sector grow, who hope that, as in previous years, what they have called the Christmas rally or Santa Claus rally of Bitcoin will occur.
The phrase refers to an increase in the value of shares on the stock exchanges that occurs just before the end of the year and that has spread to the cryptocurrency sector, generating considerable profits for those who move in this scenario.
According to reports from this sector, this Christmas rally in relation to Bitcoin did not occur in 2021 and 2022, unlike the rallies achieved in 2013 and 2017.
The hope is that at the end of this year, an upward trend will be achieved in the value of the main cryptocurrency on the market.
The idea is that Bitcoin will experience “exceptional performance during the December holiday season, although this is not a constant trend. However, this hypothesis is gaining followers on social networks and discussion forums.”
The high expectations for this year are based on “the increase of more than 10 % in the last month and 128 % in the last year.”
(Reference image source: Traxer, Unsplash)