Bitcoin Christmas Rally Is Imminent, New Reports Say

It’s been just revealed that A Bitcoin rally around Christmas is something imminent, according to the latest reports. Check out all the details below.

At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $16,838.

A popular crypto strategist is predicting the upcoming Christmas holiday will bring a Bitcoin (BTC) rally.

The pseudonymous analyst Kaleo said recently that a festive rally is in store for the king crypto because no one is expecting it as the hash rate remains strong.

“Santa rally [season] begins soon.”

He made sure to highlight the fact that since the majority of sentiment is predicting a collapse, the odds are the opposite will take place.

“My entire timeline is ready for a complete collapse to a lower range. When the majority of the timeline agrees on something, they’re usually wrong.”

He says Bitcoin is going to “continue the grind up to $17,500, then accelerate and initiate the squeeze to $18,500.”

The other day, we revealed that the host of crypto YouTube channel InvestAnswers said that Bitcoin could rally by nearly 380% from current levels en route to printing a new all-time high at the top of the next bull market.

“I’m sticking with a much more conservative price of $80,000 for the next cycle. That would be sometime in the year 2024.”

He continued and said the following:

“I do believe we could hit about $61,000, $62,000 by April 2024 – and that is right at the halving of April/May 2024.”

Citing Metcalfe’s Law, the crypto analyst says that Bitcoin could hit a price of $1.5 million by 2030 once the number of wallets increases to 3.4 million.

As the notes from the online publication the Daily Hodl notes, Metcalfe’s Law states that the value of a network is directly related to the number of users it has.