The ‘Santa Rally’ Could Raise Bitcoin (BTC) Prices to $56K by the End of the Year, Says Matrixport

“If bitcoin is up at least +100% this time of year, then there is a +71% or five in seven chance that bitcoin will end the year higher with average year-end rallies of +65%,” Markus Thielen, head of research and strategy at Matrixport, said in a note to clients on Thursday: “Given that Bitcoin tends to peak on December 18, we could call the six to seven weeks from early November to mid- December the Bitcoin Santa Rally”. “