Crypto Santa Rally for dey expect with broad market gains, even though Bitcoin get distant target of $120k
As December dey come, Kaiko analysts dey expect potential bullish crypto rally, wey plenty people dey call 'Santa Rally'. Even though dem dey doubt say Bitcoin go reach $120,000 by end of year, optimism still dey because options data show say people prefer call options pass put options, wey con indicate positive outlook. Dis rally wey dem dey expect go get broader impact on smaller layer-1 coins, as e dey influenced by U.S. regulatory changes and traders dey re-evaluate risk. Plus, analysts dey suggest strong market performance for early 2025, wey fit come from ETF inflows wey fit happen for January. Seasonal factors fit help dis trend later for di year. Even though memecoins and AI-related tokens fit show volatility, dem no dey seen as threat to market stability. Overall, outlook for di crypto market dey remain cautiously optimistic for di near term.
Bullish
Wetin we dey expect for December crypto rally, plus wetin go benefit market from regulatory changes and seasonal factors, dey support bullish outlook. Even though Bitcoin fit no go rise to $120k, the optimistic sentiment wey dey show for options market data, plus wetin fit come from ETF inflows, dey suggest say market environment dey okay. The expectation of strong performance for early 2025 dey boost this view more. Even if some tokens fit show volatility, dem no go fit destabilize the market, as dem dey keep overall positive trajectory.