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 repeated its historical 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. 

Read more