#ThanksgivingBTCMoves
Bitcoin has been showing impressive momentum during the Thanksgiving period, with predictions of potentially reaching the $100,000 mark. Recent highs have been driven by macroeconomic factors, such as inflation and Federal Reserve policies, along with increased institutional interest following Bitcoin ETF approvals in early 2024. Currently, Bitcoin is trading near $96,500, after peaking at $99,574 on November 22, 2024【16†source】【17†source】.
Market analysts believe that holding the $86,000 support level is crucial for a continued rally, while breaking below this level could push Bitcoin into the $75,000 range. If bullish momentum persists, Bitcoin might not only reach but surpass the psychological barrier of $100,000 by the end of the holiday season【15†source】【16†source】.