{"id":144311,"date":"2024-12-09T08:00:22","date_gmt":"2024-12-09T06:00:22","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=144311"},"modified":"2024-12-08T23:12:10","modified_gmt":"2024-12-08T21:12:10","slug":"will-investors-see-a-bitcoin-explosion-before-christmas","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/will-investors-see-a-bitcoin-explosion-before-christmas\/","title":{"rendered":"Will Investors See a Bitcoin Explosion Before Christmas?"},"content":{"rendered":"<p>A well-known cryptocurrency analyst has <strong><a href=\"https:\/\/x.com\/davthewave\/status\/1865176353668276725\/photo\/1\" target=\"_blank\" rel=\"nofollow\">predicted<\/a> <\/strong>a significant price surge for Bitcoin (<strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">BTC<\/a><\/strong>) in the weeks leading up to Christmas, supported by promising technical indicators.<\/p>\n<p>Dave the Wave stated that Bitcoin is currently trading within an ascending channel. Based on this pattern, he anticipates BTC could climb to around $112,000 by December 25, describing it as a potential \u201cpre-Christmas rally.\u201d<\/p>\n<p>https:\/\/x.com\/davthewave\/status\/1865176353668276725\/photo\/1<\/p>\n<p>Looking at a broader timeline, the analyst compared Bitcoin\u2019s current market behavior to its performance during the 2021 bull run. He identified a long-term ascending channel that hints at BTC reaching between $180,000 and $220,000 during the first half of 2025.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/el-salvador-reaps-massive-bitcoin-gains-amid-market-rally\/\" title=\"El Salvador Reaps Massive Bitcoin Gains Amid Market Rally\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/btc-el-salvador-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">El Salvador Reaps Massive Bitcoin Gains Amid Market Rally<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Dave the Wave is also optimistic about the outlook for altcoins. He pointed out that Bitcoin\u2019s dominance in the crypto market (BTC.D) appears to be weakening, suggesting room for altcoin growth. His analysis indicates BTC.D has broken down from a bearish ascending wedge and is encountering diagonal resistance near the 57% mark.<\/p>\n<p>The trader attributes Bitcoin\u2019s gradual upward trajectory to its adherence to four-year cycles. He believes that a parabolic surge may still lie ahead, highlighting the significance of BTC\u2019s steady climb within its technical channel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Holiday season is here, and many investors wonder whether Bitcoin will continue its uptrend after recently breaching the $100,000 level.<\/p>\n","protected":false},"author":9,"featured_media":33498,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-144311","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Will Investors See a Bitcoin Explosion Before Christmas?<\/title>\n<meta name=\"description\" content=\"Holiday season 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