Bitcoin Black Friday Sale May Have Kicked Off

Source

Bitcoin fell by approximately 7.33% in the last 24 hours, falling from $98,700 to $91,464. Although it later recovered and rose above $94,000, it could not find enough support and fell back below $92,000 and is currently trading at $91,959. The selling pressure is still ongoing and it seems that it could fall even further if the sales are not met.

It is very difficult to make short-term price predictions in the crypto market, but I would like to say that I am still very optimistic about Bitcoin and I believe that declines are opportunities, I even think that Bitcoin Black Friday Sales have kicked off. Sharp declines are always worrying for investors, but I am not worried about Bitcoin at all because I have no doubt that it will rise even higher in the long term. I also think that it can hit $220,000 in 2025, so I believe that Bitcoin is still cheap. Also, I think that not only Bitcoin but also some altcoins, especially HIVE, are cheaper, so I follow altcoins more closely. And although there are declines in the short term, I think we may see sharper increases in the crypto markets in the coming months.

This is not investment advice, please do your own research before investing.