The cryptocurrency market has a significant impact on major holidays such as Christmas, Thanksgiving, Independance Day etc when people are too busy enjoying themselves to work. If you look at the market, you will notice that BTC movement has been very slow, and its volatility has only recently decreased compared to the previous week. This is one of the primary reasons why the Christmas holidays have captivated so many people.

THE MARKET SLOWS DOWN DURING THE CHRISTMAS SEASON

Christmas was celebrated the day before yesterday here, but holidays are still held. I contacted an Australian friend, who informed me that we are on a long vacation and will not be working for another week. They are the workers, and they have been granted vacation time due to the Christmas holiday, which they are enjoying.

The market slows down and enters a bear market during the days leading up to Christmas every year. This is a result of people setting aside money for holiday expenses and taking time off from the market, which causes prices to fall and volatility to decrease. During the holiday season, the price of bitcoin remains constant at $16800 and neither goes up nor down.

WHAT COMES AFTER THE CHRISTMAS SEASON

Volume is more likely to increase once people begin to enter the Crypto market. There is also a greater likelihood of increased volatility and a sudden price movement, for which we must all prepare. This will also be dependent on any news that occurs during these times, which will cause the price to quickly rise or fall. Within a few days, there could be a 15% to 20% change.

Because the market is nearing its bottom and all crypto coins are available at discounted prices, there is a greater chance that the price will rise. People who sold their coins to cover Christmas expenses will return to repurchase them, assisting the market to rise. Investors are undoubtedly looking forward to the end of the Christmas season so that they can begin investing.

BTC APPEARS TO BE STRONG AT THIS LEVEL

BTC has been moving at this price level, $16K to $17K, since last month. Even after Christmas, there is no effect on the cryptocurrency price, indicating that it is stronger at this level. As in previous years, Christmas lowers the BTC price by more than 5%, but this time it has no effect, which is good news.

All of these accounts suggest that the bull run is not far away and that cryptocurrency will soon experience some prosperous days. Within this week, there is a greater likelihood that the price of bitcoin will increase to $ 19K, which will undoubtedly lower investor apprehension and boost their confidence when making investments. The bull run might be aided by a breakout that puts the price of bitcoin above $19K.

Because of this, the cryptocurrency market will react quickly right after the Christmas holiday, so we should be fully prepared. The market's performance will depend on the news surrounding the holiday closing, as was already mentioned. However, there is a greater chance that the BTC will rise. At this level, I believe taking some risk will be healthy and advantageous. Let's hope that BTC moves quickly in the direction of the upside so that investor confidence can start to rise.

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DISCLAIMER

Please keep in mind that I am not a financial advisor. Never, ever take anything I say as financial advice. Conduct your own research. Before making any investment decisions, consult with a professional investment advisor! My posts are strictly for entertainment purposes!

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