ADVERTISEMENT
Advertise with BNC

Bitcoin Santa Rally: BTC Rockets Past $98K in Holiday Comeback

Bitcoin Santa Rally: BTC Rockets Past $98K in Holiday Comeback

Bitcoin bulls might just be unwrapping an early Christmas gift as BTC surged past $98,000 on Dec. 24, fueled by spot buying activity.

A snap rally has revived optimism for a green Christmas across the crypto markets.

According to data from BNC, BTC climbed to $99,520, marking a significant turnaround after testing December lows earlier in the week. The move represents a 3% daily gain, with fresh bids flooding in to support the price recovery.

Source: BNC Bitcoin Liquid Index

Large Buyers Step In

Crypto analysts are buzzing with speculation of a “Santa rally,” a term for year-end market surges. The data suggests the emergence of “large spot buyers,” showcasing heightened exchange order-book volumes and signaling renewed market interest.

Meanwhile, CoinGlass data reported nearly $40 million in BTC short liquidations over the past 24 hours, contributing to a cross-crypto liquidation total of $150 million. This surge in buy-side pressure underscores the market’s swift shift in sentiment.

Analysts Urge Caution Despite Strength

While optimism is in the air, not everyone is convinced the rally will be sustained. Analyst Rekt Capital remains cautious, emphasizing the importance of reclaiming previously lost support levels. “If old supports continue to act as resistance, further downside remains a possibility,” he warned.

Source: X

What’s Next for BTC?

As Bitcoin continues to rally, the focus now shifts to whether it can consolidate above critical resistance levels or if profit-taking and macro pressures will cool its momentum. Either way, the stage is set for an exciting end to the year in the crypto markets.

 


Maximize Your 2025 Crypto-Media Reach!

BNC AdvertisingBrave New Coin reaches 500,000+ engaged crypto enthusiasts a month through our website, podcast, newsletters, and YouTube. Get your brand in front of key decision-makers and early adopters. Don’t wait – Secure your spot and drive real impact in Q1. Find out more today!


ADVERTISEMENT
Advertise with BNC
Recent Posts
ADVERTISEMENT
Advertise with BNC
Top Gainers & Losers
Discover the biggest crypto gainers & losers
ADVERTISEMENT
Advertise with BNC
BNC Newsletters: A weekly digest of the most important news and analysis.
Latest Insights More Insights
ADVERTISEMENT
Advertise with BNC