The US Thanksgiving is just a few hours away, but all crypto investors are fearing the BTC Thanksgiving crash. This fear is ascending, especially with the token current performance, as the Bitcoin price is consolidating from its earlier ATH of $99.6K.
Just six days ago, Bitcoin achieved the ATH and was supposed to cross the $100K mark. Instead, the price consolidated more than 9%, dropping to $91K before recovering today. Regardless, many crypto analysts are concerned about the Thanksgiving BTC crash, which could push the value below $90K.
What’s the BTC Thanksgiving Crash?
Bitcoin has been part of the crypto industry for more than 15 years. It had a tough beginning, and it took years before investors acknowledged this industry. Meanwhile, the BTC price plummeted multiple times despite its exponential growth. One such major crash happened on the 2020 US Thanksgiving day when the Bitcoin price dropped more than 17% within a few hours.
At that time, the token was proudly trading at aro
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