Family

bullish

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/will-bitcoin-surge-during-thanksgiving-celebrations" data-wpel-link="internal" rel="noopener noreferrer nofollow">Will Bitcoin Surge During Thanksgiving Celebrations?</a><br></p>
<p style="text-align: justify">Analyst Ali Martinez anticipates a notable uptick in <a href="https://en.bitcoinhaber.net/ethereum-nears-a-bottom-against-bitcoin" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>‘s price as the Thanksgiving holiday approaches. Sharing his forecast with over 91,000 followers on X, he estimates a potential rise of about 4% during the festive period.</p>
<h2 id="how-will-family-gatherings-affect-bitcoin">How Will Family Gatherings Affect Bitcoin?</h2>
<p style="text-align: justify">Martinez theorizes that gatherings might inspire Bitcoin holders to introduce the cryptocurrency to their relatives, potentially boosting demand and price. He also highlighted bullish indicators on Bitcoin’s daily chart.</p>
<blockquote>
 <p>“Coin holders will likely share their insights on Bitcoin tonight, which could spark a Thanksgiving rally. I foresee <a href="https://en.bitcoinhaber.net/bitcoin-faces-new-decline" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a> climbing to $99,000, and technical indicators support this outlook. However, I’ll set a tight stop-loss as a precaution.” – Ali Martinez</p>
</blockquote>
<h2 id="are-short-positions-at-risk-of-liquidation">Are Short Positions at Risk of Liquidation?</h2>
<p style="text-align: justify">The engagement of short sellers might lead to a short squeeze, propelling Bitcoin’s price upward. Martinez noted a significant liquidation of long positions, suggesting a pending risk for short positions should Bitcoin reach $98,000.</p>
<blockquote>
 <p>“In recent hours, $409 million in long positions were liquidated. A rise to $98,000 could trigger the liquidation of $772 million in short positions!” – Ali Martinez</p>
</blockquote>
<p style="text-align: justify">Key takeaways from Martinez’s analysis include:</p>
<ul>
 <li>The importance of the support level at $93,580, which protects holders from selling.</li>
 <li>The possibility of a Thanksgiving rally spurred by family discussions surrounding Bitcoin.</li>
 <li>Current trading price at $95,228 suggests Bitcoin remains undervalued.</li>
</ul>
<p style="text-align: justify">The upcoming holiday may lead to increased volatility in Bitcoin trading, significantly influencing investor responses and market dynamics.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/will-bitcoin-surge-during-thanksgiving-celebrations" data-wpel-link="internal" rel="noopener noreferrer nofollow">Will Bitcoin Surge During Thanksgiving Celebrations?</a></h5>

Will Bitcoin Surge During Thanksgiving Celebrations?

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