Bitcoin ‘Santa rally’ targets $120K as key BTC metric flips bullish

Bitcoin approached $90,000 amid Santa Rally speculation, backed by bullish derivatives and chart patterns that target a BTC price above $100,000.

Bitcoin (BTC) charged toward $90,000 during the early Asia trading hours on Monday as a key market metric suggested a “tactical” upside potential for BTC price. 

Key takeaways:

Bitcoin is up 6.5% from recent lows, fueling "Santa Rally" hopes with targets up to $120,000. 

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