Current data shows that Bitcoin (BTC) is trading around $96,859.07, up 1.67% in the past 24 hours. There are speculations that Bitcoin could reach $100,000, especially during the Thanksgiving season which is historically a positive period for the market. However, there are concerns of a possible correction if Bitcoin fails to break this psychological level.
● Technical analysis:
- Current price: $96,859.07
- Previous price (24 hours): $95,267.63
- Highest price (24 hours): $97,499.85
- Lowest price (24 hours): $94,698.75
- Trading volume (24 hours): 24,232.53 BTC
- Long to short ratio: 0.6
☆ News and expectations:
1- Potential Rise to $100,000: Analytics indicate that Bitcoin may reach $100,000, with a narrowing pattern indicating a possible breakout.
2- Fears of a correction: If Bitcoin is unable to surpass $100,000 by Thanksgiving, we may see a 15-20% correction, which could lead to a test of the support level at $80,000.
3- Tips for Discussing Bitcoin: With Thanksgiving approaching, discussions about Bitcoin may arise. It is advisable to provide educational resources rather than pressuring others to invest.
☆الخلاصة:
Bitcoin looks well positioned for gains during the Thanksgiving holiday season, but investors should be wary of potential corrections. It is important to keep a close eye on price action.
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