![‘Santa Rally’ Could Lift Bitcoin (BTC) Prices to $56K by Year-End, Matrixport Says ‘Santa Rally’ Could Lift Bitcoin (BTC) Prices to $56K by Year-End, Matrixport Says](https://digitallifegaming.com/wp-content/uploads/2023/11/C6JXVOQ5CVAQPA27OAMGHM7ZQM-768x402.jpg)
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“If bitcoin is up at least +100% by this time of the year, then there is a +71% chance or five in seven that bitcoin would finish the year higher with average year-end rallies of +65%,” Markus Thielen, head of research and strategy at Matrixport, said in a note to clients on Thursday. “As bitcoin tends to reach its peak by December 18th, we could call the six to seven weeks from early November to mid-December Bitcoin’s Santa Claus Rally.”
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