{"id":3371,"date":"2024-11-27T14:46:56","date_gmt":"2024-11-27T14:46:56","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=3371"},"modified":"2024-11-27T14:46:56","modified_gmt":"2024-11-27T14:46:56","slug":"bitcoins-2020-thanksgiving-massacre-to-repeat-or-is-the-holiday-a-turning-point-for-new-highs","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=3371","title":{"rendered":"Bitcoin&#8217;s 2020 &#8216;Thanksgiving Massacre&#8217; To Repeat Or Is The Holiday A &#8216;Turning Point For New Highs&#8217;?"},"content":{"rendered":"<div>\n<p>Analysts on Monday drew parallels between <strong>Bitcoin&#8217;s<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) recent performance and its infamous &#8220;Thanksgiving Day Massacre&#8221; in 2020, when prices dropped sharply before rebounding <a href=\"https:\/\/www.benzinga.com\/money\/bitcoin-price-prediction\">to new highs<\/a>.<\/p>\n<p><strong>What Happened:<\/strong> Coinbureau co-founder <strong>Nic Puckrin <\/strong>on <strong>X<\/strong> <a href=\"https:\/\/x.com\/nicrypto\/status\/1861661962116923470\">highlighted<\/a> that Bitcoin has fallen from just below $100,000 to $91,500 this week, a less severe 8% decline compared to the 17% drop in 2020 from Nov 25 to Nov 27.<\/p>\n<p>In 2020, Bitcoin\u2019s sharp decline set the stage for a sustained rally. <\/p>\n<p>For 2024, factors like institutional interest from entities like <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/42165734\/bitcoin-etfs-registered-record-312-billion-net-inflows-last-week\"><strong>BlackRock<\/strong> and ETFs<\/a>, alongside macroeconomic variables such as <a href=\"https:\/\/www.benzinga.com\/economics\/macro-economic-events\/24\/11\/42198763\/fed-minutes-reveal-confidence-in-inflation-reduction-yet-flag-divergent-views-on-interest-rate-path-ahead\">inflation and interest rates<\/a>, play a larger role in shaping &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/42214467\/bitcoins-2020-thanksgiving-massacre-to-repeat-or-is-the-holiday-a-turning-point-for-new-hi\" alt=\"Bitcoin's\" massacre to repeat or is the holiday a point for new highs>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Analysts on Monday drew parallels between Bitcoin&#8217;s (CRYPTO: BTC) recent performance and its infamous &#8220;Thanksgiving Day Massacre&#8221; in 2020, when prices dropped sharply before rebounding to new highs. What Happened: Coinbureau co-founder Nic Puckrin on X highlighted that Bitcoin has fallen from just below $100,000 to $91,500 this week, a less severe 8% decline compared [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-3371","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3371"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3371\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}