Market fears of Bitcoin price drop: This concern has risen as Bitcoin struggles to recover from the high of 99,600 USD. Notably, during Thanksgiving in 2020, Bitcoin’s price plummeted by 17% in just a few hours.
Bitcoin’s monthly performance: However, Bitcoin recorded a 35% increase this month, demonstrating stronger performance compared to last year. Support from industry leaders has helped stabilize the market.
Future outlook for Bitcoin: Recent analysis shows that price charts indicate signs of a temporary bottom, suggesting a possible recovery in the near future.
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