Bitcoin

Don’t Miss Out On Bitcoin’s Santa Clause Rally! Massive Bullish Calls For BTC Price Action!

Written by: Delma Wilson

Written by right arrow

Delma Wilson

Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

  • author facebook
  • author twitter

Dec 21, 2021

news-image
Highlights

    The Santa clause rally appears to be real for Bitcoin price action as Christmas has been fast approaching.

    Bitcoin would see a swift move in long-term holders’ confidence as the supply shock ratio has reached its historical levels.

The Santa clause rally seems to be factual and it would yield your portfolio with elephantine gains between the end of 2021 and the first quarter of the new year. With its everlasting monopoly Bitcoin remains a bigwig of the crypto realm. Indeed, it has undergone several supercycles this year with gigantic gains. 

Advertisement

Whilst the flagship asset has been oppressed under a bearish incumbency for the past couple of weeks. Various factors gauge bullish divergence in the next couple of weeks. Notably, confidence in long-term holders, historical supply squeeze, and many other pointers are lately coming to the spotlight with bullish signs. 

Bullish Alerts For Bitcoin Price Action!

Currently, the flagship asset’s desirous momentum in terms of on-chain metrics undeniably propounds that a rally above $50k in the next couple of days is factual. A crypto metric platform Cryptoquant confirms that the BTC supply squeeze on exchanges has taken the biggest divergence ever since November 2020. Usually, whenever such divergences play out, Bitcoin price rallies apace. Whilst during the similar supply squeezes in June and September, the dominant asset has rallied by 72% and 64% respectively. 

On the other hand, whilst confidence and conviction of long-term holders poised for a swift upward move. A crypto analyst Dylan Leclair pinpoints the potential bullish divergence of the same. In his recent analysis, he emphasized the point of reserve risk plummeting to its crucial bottom line. Historically, whenever it has hit its bottom line, the asset has undergone subsequent bull cycles. Notably 72% and 64% surge in each of its previous supercycle. As protagonists and analysts are anticipating for biggest bullish divergence in the next couple of days, the asset would reiterate the historic movements. 

Collectively, as the world is all set to welcome Christmas, the crypto space has been lauding for a grand Santa clause rally by this weekend. Meanwhile, along with Bitcoin, many other altcoin projects were hoping for massive cash-inflow in the next couple of days. As a whole, the next couple of days would play a decisive role with respect to the rally. 

Show More

Was this writing helpful? myImage dislikeimage

Delma Wilson

Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

Related Articles

Back to top button