Senior market analyst at eToro Mati Greenspan has stated that the Bitcoin technical analysis “looks great” for a year end bull run for the crypto market.

The analyst also pointed out to the impending Bakkt launch, which will see institutional investors offered the first physically-backed Bitcoin futures, is expected to increase market demand for BTC and trigger price increases.

With the combination of the technical and the fundamental aspects of analysis, Greenspan has concluded that “all signs are pointing to a Santa Claus rally in the cryptocurrency market”.

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