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<p>As Bitcoin hovers around $95,000, the crypto community is questioning the possibility of a significant correction. Amid mixed technical signals and the historical patterns of Thanksgiving periods, the short-term future of the queen of cryptos remains uncertain.</p> 
<h2 id="h-les-signaux-techniques-dessinent-un-tableau-contraste">Technical signals paint a mixed picture</h2> 
<p>The <a href="https://www.cointribune.com/en/bitcoin-correction-after-a-record-high-whats-next/" target="_blank" rel="noreferrer noopener">Bitcoin is currently in a critical phase</a> after losing support at $95,000 on November 25. This break from a bullish chart pattern has led the crypto to seek refuge on its 100-day exponential moving average.</p>
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<p>However, <a href="https://cointelegraph.com/news/is-bitcoin-price-going-to-crash-again" target="_blank" rel="noreferrer noopener">on-chain analysis</a> brings a note of optimism: according to researcher Axel Adler Jr, the low level of “value destruction days” (below 2) indicates that long-term investors are firmly holding their positions, a historically bullish signal.</p> 
<p>Analyst Javon Marks projects an ambitious target of $113,386, representing a potential increase of 20.7% from current levels. Conversely, experienced trader Horse identifies a probable retest zone between $82,000 and $88,500, based on volume profile analysis.</p> 
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<h2 id="h-l-effet-thanksgiving-pourrait-peser-sur-le-cours-du-bitcoin">The Thanksgiving effect could weigh on Bitcoin’s price</h2> 
<p>Thanksgiving, this traditional American holiday celebrated on the fourth Thursday of November where families gather around a turkey, historically marks a particular period for financial markets. </p> 
<p>Indeed, historical data shows that this day, when traditional American markets are closed, often coincides with a temporary drop in Bitcoin. The most striking example dates back to 2020, when a correction in November preceded a <a href="https://www.cointribune.com/en/100k-milestone-catalyst-or-illusion-for-bitcoin/" target="_blank" rel="noreferrer noopener">major rally in December</a>.</p> 
<p>Charles Edwards from Capriole Fund notes an interesting pattern: while Wednesdays are generally favorable for Bitcoin, Thanksgiving Thursdays have consistently seen drops over the past five years.</p> 
<p>The next 24 hours will be crucial: a daily close above $95,000 would confirm a bullish scenario, while a failure to reclaim the 50-day exponential moving average could hasten a test of support around $90,000.</p> 
<p>If <a href="https://www.cointribune.com/en/bitcoin-the-united-states-geopolitical-masterstroke/" target="_blank" rel="noreferrer noopener">Bitcoin’s fundamentals remain strong</a> with high retention among historical holders, the Thanksgiving period and current technical resistances pose short-term challenges. The increased volatility expected in the coming days could provide opportunities for both buyers and sellers depending on their investment horizon.</p>

Why Bitcoin Could Still Fall Before Rising Again

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