$BTC (Not Financial Advice)
Historically, Bitcoin's price often dips around Black Friday. Let's review the pattern:
2022: Stable around $16,000-$17,000 with a slight recovery.
2021: Dropped to around $54,000 from a previous high.
2020: Fell briefly from ~$19,000 to ~$16,500 before resuming its rally.
2019: Hovered around $7,000 with minimal movement.
2018: Continued declining to ~$3,700.
2017: Traded between $8,000 and $9,000 during a bull market.
The trend suggests that Black Friday often sees a dip due to profit-taking and market adjustments. Therefore, it's reasonable to predict a possible dip in Bitcoin's price around Black Friday 2024, even if the overall trend for the year is bullish.
Considering this pattern, Bitcoin's price could potentially see a temporary decrease before continuing its upward trajectory. A more conservative estimate for Black Friday 2024 might be around $90,000 if the market follows the historical trend of a brief dip during that period.