It has been almost one year since Bitcoin has taken a large dip in the crypto global market. However, many are predicting that Bitcoin will be prospering toward the end of the year. Analysts are calling it a “Santa Claus rally”. In traditional stocks, it is very common to see that stocks increase in value towards the end of the fiscal year, mainly because of a lot of activity in the private sector around the holidays. It is also very possible that BTC will be experiencing this as well. Market analyst at eToro, Mati Greenspan, believes that the cryptocurrency will need a strong breakout in comparison to its 200-day moving average. Bitcoin has been in high spirits lately and we are hoping that analysts predictions are true and they end the year off in a bullish manner.
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