This year’s anticipated Santa Rally is absent as XRP and Bitcoin test critical support levels, and the Nasdaq shows potential bearish reversal patterns, casting a nervous shadow over December markets.
After a period of sharp decline, Bitcoin’s volatility is decreasing, leading analysts to speculate about a potential ‘Santa Rally’ before the end of the year.
Analyst Kaleo suggests the market is bottoming out, drawing parallels to the 2020 Covid-era crash. He anticipates a potential ‘Santa Rally’ for Bitcoin and stocks if the pattern repeats.