Bitcoin bounces to seven-day highs, but can BTC break $95K on Thanksgiving?
Bitcoin remained below key support levels as traders hoped the rally could achieve the highest-ever Thanksgiving Day close for BTC price.
Bitcoin (BTC) rallied 13% from multimonth lows at $80,000, reclaiming the $90,000 mark on Wednesday. This move came as a surprise as BTC staged a pre-holiday rally, increasing hopes of a continued upward move going into Thanksgiving weekend.
Key takeaways:
Bitcoin stages a pre-Thanksgiving rally and seeks to defy its historical average return of -0.8% during the holiday.