Cryptocurrency markets are trading higher on Christmas eve, prompting traders to predict a bullish end to the year.

Notable Statistics:

• IntoTheBlock data shows large transaction volume increasing by 158.7%. Transactions greater than $100,000 are up from 7,495 to 10,784 in a single day. Exchanges netflows are down by 233.05%.
• Coinglass data reports 88,733 traders were liquidated in the past 24 hours for $250.33 million.  

Notable Developments:

Top Gainers:

Trader Notes: Bitcoin prices are trading higher, and crypto trader Jelle has shared a straightforward strategy for navigating the market.

Meanwhile, Rekt Capital observed that Bitcoin attempted a relief rally yesterday but was rejected near recent lows.

Today, it’s rebounding and testing former support levels, which now act as resistance.

If resistance holds, further downside is likely. However, reclaiming these levels could signal a bullish reversal.

Trader Satoshi Flipper reflected on Bitcoin’s recent 15% correction and altcoins dropping 25-50%.

He questions whether this marks the local bottom or if future corrections will follow a similar pattern.

While its possible, certainty remains elusive.

The trader wonders if history is repeating or rhyming, acknowledging it’s too early to draw conclusions. Investors can afford to wait, but traders remain cautious.

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