Bitcoin investors look to 2023 after disappointment of Santa rally that never was

The run-up to Christmas was filled with hope for a Santa rally that would close the year on a high note.

Unfortunately, the three days before Christmas Day saw price stagnation, with Bitcoin moving in a tight range between $16,585 and $16,940 over this period. Likewise, Dec. 25 resulted in a flat 0.8%, or $136, downside swing in the daily candle before closing above the daily low at $16,830.