Bitcoin Weekly Forecast: Holiday lull maybe deceptive

• Bitcoin and major coins are low movers during the holiday period.
• Regulators are exploring crypto regulation and stablecoins.
• The bitcoin community is getting ready for halving.

The cryptocurrency market has entered a dead period of Christmas and New Year holidays. Even as cryptocurrency markets never sleep and operate in 24/365 mode, traders and investors tend to abandon the scene during major holidays. As a consequence, low, slow activity leads to low volumes and thin liquidity. While usually, the holiday season is a dull period on the markets, unpredictable events may trigger strong price movements. However, all that remains for us is to hope that no bombshell drops on the markets before the liquidity is restored. 

During X-mas week, Bitcoin oscillated in a range limited by $7,700 on the upside and $7,000 on the downside. Recovery attempts have been limited so far, though Bitcoin’s market share increased to 68.9% as major altcoins were struggling even…