【Must Watch】Bitcoin BTC will follow this script!
Veteran investors tell you that the current trend is exactly the same as in 2020, starting to rise in October and doubling by November 25.
Last time it went from 10,000 to 20,000, this time it is from 50,000 to 100,000.
And then comes the Western traditional shopping frenzy Black Friday, which aligns with the pattern of falling during holidays, a large number of retail investors will withdraw money to spend, pulling a lot of funds from the crypto space.
Of course, the amount of money withdrawn is actually not much, but many people will anticipate this pullback situation, so even if they do not go shopping, they will sell at high points, which combined increases the effect of the pullback.
Last time, Black Friday saw a 16% pullback in a week, this time it might be a little less,
In the last cycle, after Black Friday, it slowly rose back up, but the increase was not significant, and it consolidated for 2 weeks before continuing to explode, so this time it might be similar, unless it pulls back above 95,600 tonight, otherwise the short-term downward trend cannot be broken.