#“圣诞老人行情”再现，涨势将会持续吗？ The encryption market has rebounded after experiencing a pullback, bringing a "green Christmas gift" to longs. BTC initiated a rapid pump last night, successively breaking through multiple resistance levels, reaching a high of $99,480 at midnight. At the time of writing, it has slightly pulled back, currently trading at $98,047, with a nearly 4.35% increase in the past 24 hours. Most mainstream Altcoins have rebounded under the influence of BTC, with ETH briefly breaking through $3500, and SOL surpassing $200, indicating a significant improvement in market sentiment.

Historical data shows that since 1950, the average return of the S&P 500 index during the last five trading days of the year and the first two trading days of the new year (known as the 'Santa Claus rally') has been significantly higher than the market's average seven-day return. A broad-based rally in the financial markets on Tuesday may signal the start of the Santa Claus rally and the possibility of a new round of market gains.
Chief analyst Ryan Lee said that once liquidity recovers after the Christmas holiday, the price of BTC may rebound to above $105,000. The current downward trend is just a natural 'symptom' of insufficient holiday liquidity. After Christmas, market activity is expected to warm up again. It is expected that the funds will continue to actively invest in the encryption industry, influenced by Trump's support. The expected trading range for BTC this week is $94,000 to $105,000.
On December 25th, according to data from K33 research director Vetle Lunde, combining the data from the past three cycles of Bitcoin, the average duration for Bitcoin to reach a new all-time high from the first to the last in each cycle is 318 days. With Bitcoin hitting the first all-time high in the current cycle on March 5th, if the average duration from previous cycles repeats, investors may see the encryption currency reach the peak of this cycle on January 17, 2025.
If BTC really reaches the cycle peak in mid-January next year, it will be close to Trump's U.S. presidential inauguration on January 20th. 'Trump's victory has been the catalyst behind the strong Rebound in BTC in the fourth quarter, and given that the political process may take time to materialize, Trump's inauguration will mark the natural end of this momentum,' Lunde wrote in a recent report.
Lunde pointed out that based on estimates of previous cycle peak prices, BTC could reach a peak of $146,000 in this cycle. He added that when using previous market capitalization as a reference, BTC could reach a peak of $212,500 in this cycle.