In the short term it depends on how many speculative sellers there are left, but these sellers will run out of coins to sell. Looking at where we bottomed out, we are only 120% above that bottom right now. Realistically speaking there shouldn't be many sellers left, but we have enough time to shake the few of them out before the halving and still have a positive halving price wise.

Going by the current hashrate it seems that miners are quite comfortable sitting this correction out. Interesting aspect of futures platforms is that miners can easily hedge against price declines and actually even out the paper loss of mining unprofitably. Great for them and great for Bitcoin security wise.

Historically Bitcoin has always done well before and after the halving so there is no reason to expect something different to happen until it actually happens.

This is crazy! It's opposite of what actually happened. It is the last time of the year. And I think people will sell large amounts of bitcoin. As usual, the bitcoin price will drop slightly by 5-10% at the end of the year and it will return in the first quarter of next year. The value of bitcoin depends on the general trend of the world, especially, the most influential countries like China often sell a lot of bitcoins at the end of the year.

This is weird and hard to explain because the holidays are a time when people take a break and spend money. In which Christmas is one of the most important holidays, people need Fiat to buy food and a variety of gifts. So around this time people tend to sell bitcoins for cash.
What was it that made bitcoin soaring in that period of time?

People's perceptions vary about whether there is a good week for bitcoin and before nearing the end of the year and there is a possibility that bitcoin users will celebrate Christmas, which certainly requires fiat to buy necessities and gifts to celebrate Christmas and it is possible to sell bitcoin for their needs .
and besides that we will face the turn of the year to celebrate and some plans to go on vacation and all who need fiat and there is a possibility will sell it and all that does not mean spend bitcoin but only use what is needed.
and but that doesn't mean everyone celebrates Christmas and welcomes a special new year, so we'll see what happens in a few weeks about bitcoin.

I hope someday we will stop paying attention to such weeks. After all, Bitcoin deserves every week to be like this! Buy and hold, guys!

Dont forget its a 2 way thing, I wanted to argue as well but I thought If there are no sellers there wont be buyers so you are both right on higher trade at this time. The motive at this time may just be different, some are to take profit while some are to accumulate for the next bull. Buyers at this time are just smarter than sellers.

I think in the last week of December people would rather spend their vacation time gathering with family to celebrate Christmas and the new year and stop thinking about bitcoin.
Every effort has been made so far this year to benefit from bitcoin investments. in the last week of the year I would choose to close my laptop and take a break from the crypto world. I will gather with family and have fun and pray that next year the price of bitcoin can increase.
but if indeed at the end of the week the price of bitcoin goes up then I will be very happy and will sell some for my holiday with my family.

I think the amount of coins sold for buying gifts is negligible and doesn't affect prices - after all, what kind of investors sells their assets just because they want to spend some money? They're supposed to hold only a portion of their net worth in assets and always have some spare cash.

My explanation why the price goes down during holidays (which actually doesn't happen all the time) is because traders take vacations during those times, and they liquidate volatile assets because they won't be able to react quickly if there would be a market change.

Indeed, also if OP based it on what he observed last year, it is probably because the majority of us bought bitcoin last December thinking that in this year, bitcoin will skyrocket again and make another All Time High price but it didn't, and it could be repeated over and over again because we have our own predictions about bitcoin's bull run, moreover, it isn't that bad to buy bitcoin in this so called "Bitcoin week" by OP since bitcoin is still in the deep.