{"id":477404,"date":"2021-11-25T18:36:22","date_gmt":"2021-11-25T18:36:22","guid":{"rendered":"https:\/\/wncen.com\/?p=477404"},"modified":"2024-06-11T14:09:18","modified_gmt":"2024-06-11T14:09:18","slug":"bitcoin-thanksgiving-day-data-reveals-peak-possible-within-30-days","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-thanksgiving-day-data-reveals-peak-possible-within-30-days\/","title":{"rendered":"Bitcoin Thanksgiving Day Data Reveals Peak Possible Within 30 Days"},"content":{"rendered":"

Today across the United States, the masses are celebrating the annual Thanksgiving holiday tradition. In the past, the holiday has acted as a catalyst for the final phase of the Bitcoin bull run<\/a>.\u00a0<\/span><\/p>\n

To celebrate the holiday and the ongoing cryptocurrency bull cycle, we are looking back at the history of Bitcoin price action over the years to try to predict what is to come next.\u00a0<\/span><\/p>\n

Please Pass The Bitcoin<\/h2>\n

The tradition of Thanksgiving began in 1619<\/a>, which celebrated the annual harvest ahead of colder winter months. Rather than allow crops to spoil, there was a large feast that sometimes lasted days.\u00a0<\/span><\/p>\n

The tradition today is commonly centered around a turkey dinner, with stuffing, mashed potatoes, gravy, and pumpkin pie. Dinner table discussions range from tender to tense, depending on the family unit.\u00a0<\/span><\/p>\n

Related Reading | 10 Bullish Monthly Bitcoin Price Charts To Start November<\/a><\/i><\/b><\/p>\n

Such dinner table conversations in the past have possibly had an impact on Bitcoin<\/a> and other cryptocurrencies, with the holiday always occurring near important culmination points in price cycles.\u00a0<\/span><\/p>\n

To celebrate in a very NewsBTC way, we\u2019ve taken a deep dive into the history of holiday and the effect it\u2019s had on price action. The results are quite interesting, and something BTC holders might want to give thanks for.\u00a0<\/span><\/p>\n

\"bitcoin<\/p>\n

Past tops and bottoms have been within 48 days of Thanksgiving \u00a0| Source: BTCUSD on TradingView.com<\/a><\/pre>\n
Thanksgiving Proximity To Peaks Give Holders Something To Celebrate\u00a0<\/span><\/h2>\n
Dating back as far as the Bitcoin price index will run, we\u2019ve added a pumpkin-colored vertical line to represent each Thanksgiving to the day.\u00a0<\/span><\/p>\n
The proximity of Thanksgiving to important pivot points in Bitcoin market structure is undeniable. The holiday<\/a> appears close to most major bull market peaks and bear troughs.\u00a0<\/span><\/p>\n
In fact, five out of five major Bitcoin tops and bottoms have appeared within 48 days of Thanksgiving. Four out of five of these same tops and bottoms have occurred within 24 days of Thanksgiving. Finally, two out of five tops and bottoms appear to coincide with the holiday itself.\u00a0<\/span><\/p>\n
Related Reading | Want To Learn Technical Analysis? Read The NewsBTC Trading Course<\/a><\/i><\/b><\/p>\n
In 2017, Thanksgiving dinner table talk was less focused on \u201cpass the gravy\u201d and instead discussed \u201cwhich coins to buy.\u201d 24 days following Thanksgiving that year, Bitcoin rallied 150% from $8,000 to $20,000, putting in the bull market peak.\u00a0The following Thanksgiving was within just 24 days to the bear market bottom.<\/span><\/p>\n
24 days from today and 150% would put the top cryptocurrency by market cap at around $144,000 on approximately December 19, 2021. Currently, there is more data to suggest that this could happen again than information to suggest otherwise. Is this the type of harvest crypto holders should expect with the US holiday here? If that\u2019s the case, the Thanksgiving theme is appropriate, as it will be the last major harvest before a very cold crypto winter.\u00a0<\/span><\/p>\n
Follow <\/i><\/b>@TonySpilotroBTC on Twitter<\/i><\/b><\/a> or join\u00a0<\/i><\/b>the TonyTradesBTC Telegram<\/i><\/b><\/a> for exclusive daily market insights and technical analysis education<\/i><\/b>. Please note: Content is\u00a0educational and should not be\u00a0considered investment advice.<\/i><\/b><\/p>\n
Featured image from iStockPhoto, Charts from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"
Today across the United States, the masses are celebrating the annual Thanksgiving holiday tradition. In the past, the holiday has acted as a catalyst for the final phase of the Bitcoin bull run.\u00a0 To celebrate the holiday and the ongoing cryptocurrency bull cycle, we are looking back at the history of Bitcoin price action over the years to try to predict what is to come next.\u00a0 Please Pass The Bitcoin The tradition of Thanksgiving began in 1619, which celebrated the annual harvest ahead of colder winter months. Rather than allow crops to spoil, there was a large feast that sometimes lasted days.\u00a0 The tradition today is commonly centered around a turkey dinner, with stuffing, mashed potatoes, gravy, and pumpkin pie. Dinner table discussions range from tender to tense, depending on the family unit.\u00a0 Related Reading | 10 Bullish Monthly Bitcoin Price Charts To Start November Such dinner table conversations in the past have possibly had an impact on Bitcoin and other cryptocurrencies, with the holiday always occurring near important culmination points in price cycles.\u00a0 To celebrate in a very NewsBTC way, we\u2019ve taken a deep dive into the history of holiday and the effect it\u2019s had on price action. The results are quite interesting, and something BTC holders might want to give thanks for.\u00a0 Past tops and bottoms have been within 48 days of Thanksgiving \u00a0| Source: BTCUSD on TradingView.com Thanksgiving Proximity To Peaks Give Holders Something To Celebrate\u00a0 Dating back as far as the Bitcoin price index will run, we\u2019ve added a pumpkin-colored vertical line to represent each Thanksgiving to the day.\u00a0 The proximity of Thanksgiving to important pivot points in Bitcoin market structure is undeniable. The holiday appears close to most major bull market peaks and bear troughs.\u00a0 In fact, five out of five major Bitcoin tops and bottoms have appeared within 48 days of Thanksgiving. Four out of five of these same tops and bottoms have occurred within 24 days of Thanksgiving. Finally, two out of five tops and bottoms appear to coincide with the holiday itself.\u00a0 Related Reading | Want To Learn Technical Analysis? Read The NewsBTC Trading Course In 2017, Thanksgiving dinner table talk was less focused on \u201cpass the gravy\u201d and instead discussed \u201cwhich coins to buy.\u201d 24 days following Thanksgiving that year, Bitcoin rallied 150% from $8,000 to $20,000, putting in the bull market peak.\u00a0The following Thanksgiving was within just 24 days to the bear market bottom. 24 days from today and 150% would put the top cryptocurrency by market cap at around $144,000 on approximately December 19, 2021. Currently, there is more data to suggest that this could happen again than information to suggest otherwise. Is this the type of harvest crypto holders should expect with the US holiday here? If that\u2019s the case, the Thanksgiving theme is appropriate, as it will be the last major harvest before a very cold crypto winter.\u00a0 Follow @TonySpilotroBTC on Twitter or join\u00a0the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is\u00a0educational and should not be\u00a0considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com<\/p>\n","protected":false},"author":517,"featured_media":477405,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,1144,79491,6664,9859,4524,76835],"class_list":["post-477404","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusd","tag-btcust","tag-crypto","tag-thanksgiving","tag-xbt","tag-xbtusd"],"acf":[],"yoast_head":"\nBitcoin Thanksgiving Day Data Reveals Peak Possible Within 30 Days<\/title>\n<meta name=\"description\" content=\"Today across the United States, the masses are celebrating the annual Thanksgiving holiday tradition. 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The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. 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