Technical indicators show that bitcoin is difficult to get out of the "Christmas market", the coin price may continue to fluctuate slightly

In recent trading days, the price of bitcoin has had its ups and downs, first experiencing a big drop over the weekend and now rebounding to above $50,000. As we approach the holiday season, cryptocurrency analysts are beginning to assess whether bitcoin is likely to come out of the so-called "Christmas market".

In his weekly report, technical analyst Katie Stockton writes, "For the first time since April of this year, the MACD weekly indicator has issued a 'sell' signal, indicating that Bitcoin is increasing its investment risk at the end of the year."