RATE Group | Bitcoin (BTC) Tops $3,800 — Santa Claus Rally Imminent?
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Bitcoin (BTC) Tops $3,800 — Santa Claus Rally Imminent?

19 Dec Bitcoin (BTC) Tops $3,800 — Santa Claus Rally Imminent?

Posted at 21:49h in Ethereum News by

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Bitcoin (BTC) is up by more than eight percent in the last 24 hours as it tops $3,800 for the first time in almost two weeks. The total market capitalization has also added over $20 billion in a little over a couple of days as virtual currencies post significant price gains.

Has Bitcoin Bottomed Out

Once again, the question about whether Bitcoin has found its bottom price is at the front and center of the conversation in the cryptocurrency industry. Since plummeting in mid-November and falling below the $6,000, $5,000, and $4,000 price marks, analysts keep predicting different bottoms between $1,000 and $3,000. Some even say BTC is destined to go to zero.

On December 15, 2018, the top-ranked cryptocurrency fell to $3,200 and seemed set to test sub-$3,000 for the first time since mid-2017. However, less than a week on from that point, BTC looks to be pushing to go above $4,000.

Concerning the question of a possible price bottom, one critical point comes to mind. Before the famous…

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