Bitcoin surged towards $90,000 with potential for a Santa Rally up to $120,000, fueled by short liquidations. Analysts predict further gains to $98,000 and $100,000 resistance levels. However, conflicting forecasts warn of a dip to $70,000. Derivatives structure favors bulls with tactical upside potential, but key support remains at $84,000.

Read more at Cointelegraph: Will the Santa rally be a Letdown?