As Bitcoin approaches Thanksgiving, it carries a 13% rally from recent lows, raising hopes of defying its historically bearish holiday trend. Despite averages showing a 0.8% decline on Thanksgiving over the past decade, Bitcoin’s proximity to the $100,000 mark fuels cautious optimism. Analysts highlight key resistance around $91,000-$93,000 and warn of potential volatility due to holiday market closures. On-chain data points to structural weakness reminiscent of early 2022, suggesting risks of a retest near $81,000 unless Bitcoin reclaims higher support levels. Meanwhile, ARK Invest’s Cathie Wood anticipates liquidity improvements triggered by Federal Reserve policy shifts, which could positively influence crypto markets soon. This blend of historical caution and current bullish signals sets a precedent for a possibly different Thanksgiving performance for Bitcoin in 2025.
Continue to read Will Bitcoin Break Its Traditional Thanksgiving Downtrend in 2025?
As Bitcoin approaches Thanksgiving, it carries a 13% rally from recent lows, raising hopes of defying its historically bearish holiday trend. Despite averages showing a 0.8% decline on Thanksgiving over the past decade, Bitcoin’s proximity to the $100,000 mark fuels cautious optimism. Analysts highlight key resistance around $91,000-$93,000 and warn of potential volatility due to holiday market closures. On-chain data points to structural weakness reminiscent of early 2022, suggesting risks of a retest near $81,000 unless Bitcoin reclaims higher support levels. Meanwhile, ARK Invest’s Cathie Wood anticipates liquidity improvements triggered by Federal Reserve policy shifts, which could positively influence crypto markets soon. This blend of historical caution and current bullish signals sets a precedent for a possibly different Thanksgiving performance for Bitcoin in 2025.
Continue to read Will Bitcoin Break Its Traditional Thanksgiving Downtrend in 2025?
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