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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
11/27/2025

Bitcoin Surges to 7-Day High: Can It Break $95,000 Over the Thanksgiving Holiday? 🦃📈

Bitcoin posted a strong rebound heading into the Thanksgiving holiday, rallying 13% from its multi-month low around $80,000 and reclaiming the psychological $90,000 level on November 27. It's a notable recovery after a stretch of sluggish trading, and it has the market asking: can Bitcoin keep climbing and post its highest-ever Thanksgiving candle close? Bitcoin Accelerates Unexpectedly Ahead of Thanksgiving TradingView data shows BTC/USD trading around $91,400 on November 28, after bouncing more than 5% in the prior session. This move comes against a historical backdrop that has typically been unfavorable for Bitcoin on Thanksgiving — with an average return of just **–0.8%** over the past 10 years.

Bitcoin Surges to 7-Day High: Can It Break $95,000 Over the Thanksgiving Holiday? 🦃📈

Bitcoin posted a strong rebound heading into the Thanksgiving holiday, rallying 13% from its multi-month low around $80,000 and reclaiming the psychological $90,000 level on November 27. It's a notable recovery after a stretch of sluggish trading, and it has the market asking: can Bitcoin keep climbing and post its highest-ever Thanksgiving candle close?

Bitcoin Accelerates Unexpectedly Ahead of Thanksgiving

TradingView data shows BTC/USD trading around $91,400 on November 28, after bouncing more than 5% in the prior session. This move comes against a historical backdrop that has typically been unfavorable for Bitcoin on Thanksgiving — with an average return of just –0.8% over the past 10 years.

However, analysts believe this year could be different.

Capriole Investments founder Charles Edwards noted that Bitcoin tends to rise on the Wednesday before Thanksgiving, but Thursday itself has historically seen a pullback. That said, this week's strong surge has raised expectations that BTC could break from its historical pattern.

Can BTC Reach $95,000 — or Higher?

Bitcoin is currently testing the key resistance zone of $91,000–$93,000 following what trader Jelle called "the first strong bounce in weeks." With U.S. markets closed for Thanksgiving, Jelle expects price to consolidate before volatility picks back up over the weekend.

Meanwhile, other analysts are focused on a bigger milestone: a record Thanksgiving candle close above $95,000.

"We've never had a Thanksgiving with Bitcoin above $100,000," analyst Terence Michael pointed out. "Be ready for anything."

Risks Remain: Market Structure Still "Fragile"

Despite the short-term positive signals, on-chain indicators suggest the market has not fully recovered.

According to Glassnode, Bitcoin has lost its 50-week moving average and key cost-basis levels, leaving price structure "vulnerable" — a setup similar to early 2022, when the market entered a prolonged downturn.

Glassnode further noted:

  • The short-term holder (STH) loss ratio is declining sharply
  • Market liquidity remains thin
  • Fresh capital inflows are still limited

If Bitcoin cannot stage a meaningful recovery, price could break below the True Market Mean near $81,000.

The Level That Decides the Trend: $100,000 – $105,000

On the upside, for Bitcoin to restore its bullish structure, it needs to reclaim the $100,000–$105,000 zone, which coincides with:

  • The STH Realized Price
  • The 50-week MA

Both levels have served as strong support in previous cycles. Reclaiming this zone would confirm a new uptrend and significantly reduce the risk of BTC revisiting the $80,000 range.

Conclusion: Breakout or Stall?

Bitcoin is at a critical juncture. The pre-Thanksgiving rally brings renewed hope, but macro headwinds — including interest rate policy, inflation expectations, and a fragile derivatives market — remain short-term obstacles.

If Bitcoin holds its momentum and breaks above $93,000, the $95,000 level — and then $100,000 — become the next targets. Failing to do so, however, could send BTC back to test lower support.