Bitcoin Price Might Have Its Best Thanksgiving Ever if Bulls Persist

News
Thu, 11/28/2019 - 16:06
Alex Dovbnya
The Bitcoin price (BTC) needs a little push to record its best Thanksgiving day to date. Will crypto-related table discussions make it happen?
Cover image via 123rf.com
Contents

At press time, Bitcoin is changing hands at $7,591 with a 4.43 price uptick over the last 24 hours. Hence, investors might pocket some of the highest returns this time around. The BTC price needs to surge three more percent in order to make it happen.  

The chart below shows how the price of Bitcoin performed on Thanksgiving and shortly after the holiday. The chart below shows that 2018 was the most brutal year since the BTC price recorded a double-digit loss just three days after.

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It's safe to talk Bitcoin now

According to CNBC's Melissa Lee, it is ok to discuss Bitcoin at the Thanksgiving table. This year, American families should traditionally steer clear of such topics as politics, immigration, and baseball (you do not want to get on the nerves of New York Mets fans). 

Many Bitcoiners who talked their family members into buying Bitcoin during their Thanksgiving dinner in 2017 were probably roasted the following year instead of a turkey. The Bitcoin price was trading at $4,479 on Nov. 22, which represented a brutal 77 price drop from its all-time high of nearly $20,000. 

As reported by U.Today, Bitcoin is still up by 92 percent in 2019 despite trimming 45 percent of its value since the end of July. Because of that, the orange coin might not be a sensitive topic for your relatives anymore. With President Donald Trump tweeting about Bitcoin and Facebook CEO Mark Zuckerberg launching his own cryptocurrency, one might definitely want to have a fruitful crypto-related discussion.      

However, there's plenty of other things that might eclipse crypto this year. Elon Musk's Cybertruck will surely be on everyone's lips. 

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Crypto Twitter shares a turkey

Meanwhile, multiple industry leaders have taken to Twitter to share their Thanksgiving congratulations.   

U.Today wishes our readers Happy Thanksgiving and stellar crypto gains!    

Subscribe to U.Today on Twitter and get involved in all top daily crypto news, stories and price predictions!

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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