Bitcoin Bounces Back: Can BTC Beat $95K This Thanksgiving? Hold On Tight!

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In an utterly shocking move, Bitcoin (BTC) managed to rally 13% from its multi-month lows of $80,000, clawing its way back to the $90,000 mark on Wednesday. This sudden surge took everyone by surprise, especially as BTC repeated its historical pre-holiday rally, sparking hopes that it might actually make it past the Thanksgiving weekend without crashing like a Thanksgiving turkey.

Key takeaways:

  • Bitcoin stages a pre-Thanksgiving rally, defying its historically dreadful return of -0.8% during the holiday. Someone’s feeling optimistic!

  • Bitcoin needs to reclaim $100,000-$105,000 to avoid the shame of a possible breakdown below $80,000. How embarrassing!

Is This The Thanksgiving Miracle BTC Needs?

According to the data from CryptoMoon Markets Pro and TradingView, the BTC/USD pair was at $91,400 on Thursday-after a surprise 5% jump the previous day. Honestly, at this rate, who needs holiday shopping?

“Look, we just had a bullish Wednesday too,” said Charles Edwards, founder of Capriole Investments, who clearly remembers the “bullish Wednesday before Thanksgiving, followed by a bearish Thursday” cycle. It’s like clockwork, only more unpredictable.

Traders were keeping their fingers crossed that Bitcoin would buck the trend and keep climbing into the holiday, instead of its usual pre-Thanksgiving slump. Who needs tradition anyway?

After all, Bitcoin’s gains on Thanksgiving Day have only happened twice in the last decade. And let’s not even talk about 2018 and 2020, which were a real disaster. The average return? -0.8%. Yikes.

Some analysts were busy pondering just how high Bitcoin might soar during this festive time, as it sat 4% below its all-time high of over $95,000, reached on Nov. 28, 2024. Some people really love a good turkey coma challenge.

Bitcoin thanksgiving history 🦃

– Tall (@tall_data) November 26, 2025

“We’ve never had a $100K Bitcoin Thanksgiving,” said Terence Michael, urging his followers to “prepare for anything”-especially given that Bitcoin is currently testing the $91,000-93,000 resistance zone after its “first meaningful bounce in ages.” Someone cue the dramatic music.

“Expecting chop below the resistance until after the holiday at least.”

As CryptoMoon reported, Bitcoin’s ability to continue rising in the short term is held back by uncertainties surrounding interest rate policies, inflation expectations, and a bit of stress in the BTC derivatives market. Nothing like a little uncertainty to spice things up during the holidays!

What Price Levels Are Really Worth Watching?

Bitcoin remains structurally “fragile,” having lost its 50-week moving average and key support levels, according to onchain data provider Glassnode. This sounds like the kind of drama that would make a great Netflix series.

In fact, the current market structure is eerily similar to Q1 2022, right after Bitcoin’s previous all-time highs-when demand started fading faster than a turkey in a microwave. Thanks to weak liquidity and declining demand, we might just be in for a wild ride.

“This current range echoes the same dynamic with the market drifting lower, constrained by limited inflows and fragile liquidity.”

Glassnode also mentioned that realized losses are currently sky-high, with “STH loss ratios collapsing to 0.07x,” which could signal fading liquidity and demand. Basically, if this trend continues, we might end up seeing the market break below the true market mean of ~$81K. Not exactly the gift everyone was hoping for.

On the upside, Bitcoin’s next major target lies between $100,000 and $105,000. This level has historically been a vital support zone. But unless it can reclaim this price range, it could end up as the Thanksgiving turkey no one wanted, diving back below $80,000.

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2025-11-27 15:16