#ThanksgivingBTCMoves

During this year's Thanksgiving holiday, Bitcoin (BTC) is attracting strong attention from investors, with a price fluctuating around 95,000 USD. There are many optimistic forecasts suggesting that the price of BTC could reach 100,000 USD in the near future, but there are also concerns about a potential correction. Some analysts, such as Joe Consorti, have warned that if the correlation between Bitcoin and the global M2 money supply continues, the price could drop 20% to 70,000 USD before rising again.

Investors are still impressed by history, recalling the "Thanksgiving Day Massacre" in 2020 when BTC plummeted 17% in just a few hours. Despite the caution, optimism remains as people believe that Bitcoin's long-term upward trend is not over. Many believe that the adoption of Bitcoin in ETF funds and the interest from institutions will support the price of BTC in the near future.

The recent recovery of Bitcoin has created hope but also comes with potential risks, prompting investors to carefully monitor important support levels.