Will the Thanksgiving rally finally push Bitcoin to $100,000?
As Bitcoin trades above $95,000, a cryptocurrency on-chain analyst has highlighted specific technical indicators suggesting that the digital asset can hit the elusive $100,000. This outlook aligns with the Thanksgiving holiday season, which has historically been a foundation for Bitcoin to record price breakouts. To this end, the maiden digital asset has formed a narrowing wedge pattern—a technical setup characterized by converging trendlines that indicate a potential breakout. This pattern places the $99,000 target in sight, according to an Analysis by on-chain analyst Ali Martinez in an X post on November 28. Picks for you If you invested $1,000 in Bitcoin when Trump won the election, you’d now have this much 50 mins ago AI sets Bitcoi...