Bitcoin Retakes $90K in Thanksgiving Upswing
Bitcoin retakes $90K in an unusual pre-Thanksgiving move, defying past “holiday dumps.” What’s driving BTC now, and what could come next for traders?
As the U.S. heads into Thanksgiving 2025, Bitcoin price action is anything but quiet. After a sharp pullback from six-figure levels, Bitcoin retakes $90K and hovers around the low $90,000s, keeping bulls and bears locked in a tense standoff. Recent data shows BTC trading in the $91,000 region after a volatile month that briefly dragged it below that key threshold.
What makes this move especially intriguing is the timing. Historically, the pre-Thanksgiving crypto market has often been associated with sudden sell-offs, “holiday liquidity” shocks, or speculative rally attempts that fail to hold. In 2020, Bitcoin suffered the infamous “Thanksgiving Day Massacre,” plunging nearly 17% in 24 hours. Four years later, in November 2024, BTC once again stumbled around the holiday, dropping from near $100,000 to the low $90,000s.
This year tells a different story. Instead of sliding into the holiday, Bitcoin has reclaimed the $90K level, challenging the idea that Thanksgiving week is destined to deliver pain to leveraged traders. For investors, this break from typical pre-Thanksgiving price action raises big questions: As a result, when Bitcoin dipped below $90K, long-horizon buyers likely saw value, helping push price back over that level and preventing a deeper capitulation—at least so far. Combined, these dynamics hint that Bitcoin retaking $90K could be the market’s way of suggesting that the correction has reduced excess leverage without fully ending the cycle.
The Halving Cycle Context
Historically, major Bitcoin bull runs have unfolded in the year or two after each halving, as reduced supply meets growing demand. The April 2024 halving once again cut new issuance in half, and many analysts expect this cycle to continue playing out into late 2025 and beyond. Given that backdrop, a scenario where Bitcoin retakes $90K after a deep pullback is consistent with previous cycles, which often included: From this perspective, the move back over $90K may look less like a “last gasp” and more like a normal, if nerve-wracking, phase in a still-evolving Bitcoin super-cycle.
Price Prediction Ranges and Market Scenarios
Recent Bitcoin 2025 price predictions cover a wide range of outcomes. Some analysts project year-end levels between roughly $80K and $105K, while others envision more aggressive targets that depend on renewed ETF inflows and stronger macro tailwinds. AI-driven forecasts and research reports have even suggested potential ranges as broad as $85K to $200K for Bitcoin around this period, underscoring just how uncertain—but still bullish—many models remain.
Putting this together, long-term investors might frame the current environment as: Bear case: A failure to hold $90K leads to a grind lower toward $78K–$80K or even the low $70Ks, aligning with more conservative or recession-driven scenarios. Base case: Bitcoin chops between the high $80Ks and low $100Ks as the market digests ETF flows, macro data, and the halving’s impact. Bull case: A sustained move above $100K re-anchors expectations toward six-figure territory, with some models still discussing possible peaks in the $150K–$250K region if conditions align. No scenario is guaranteed, but the fact that Bitcoin retakes $90K instead of cascading into a full-blown bear market keeps all three firmly on the table.
How This Pre-Thanksgiving Move Could Shape the Rest of 2025
On the other hand, a swift rejection from this level would reinforce the idea that the market remains fragile and that caution—not greed—should dominate positioning into the final weeks of the year. As encouraging as Bitcoin’s reclaim of $90K appears, it would be a mistake to ignore the risks.The same macro forces that helped fuel Bitcoin’s rise can also accelerate its fall. Unexpectedly hawkish moves from central banks, negative economic data, or renewed regulatory crackdowns on crypto markets could trigger another wave of risk-off selling.
ETF Outflows and Market Structure Stress
If spot ETFs or large institutional players begin to unwind positions aggressively—whether due to portfolio rebalancing or loss of confidence—those flows can exert intense downward pressure on BTC. In such a scenario, Bitcoin retaking $90K might turn out to be a temporary pause before another leg down, especially if support levels like $85K and $78K fail to hold. For both traders and investors, staying aware of these structural risks is as important as tracking charts and on-chain data.
Conclusion: A Holiday Plot Twist for Bitcoin
In a year defined by record highs, sharp pullbacks, and relentless debate about where the Bitcoin price goes next, the fact that Bitcoin retakes $90K in a break from typical pre-Thanksgiving price action is more than just a seasonal curiosity. For short-term traders, $90K is a tactical battlefield—a level to watch closely for breakouts, fakeouts, and volatility spikes. For long-term investors, it’s a reminder that even deep corrections can coexist with a still-intact long-term uptrend in Bitcoin and the wider crypto market. As always, no single price level or holiday week decides the fate of an entire asset class. But this year’s pre-Thanksgiving twist reinforces a familiar lesson: Bitcoin rarely does what the crowd expects—especially when everyone is watching.
FAQs
Q. Why is Bitcoin retaking $90K before Thanksgiving such a big deal?
It’s significant because $90,000 acts as both a psychological and technical level. In past years, Thanksgiving has often coincided with sharp drops or unstable price action for Bitcoin. This time, Bitcoin retakes $90K heading into the holiday instead of sliding away from it, suggesting buyers are still willing to step in and defend the trend. It challenges the narrative that Thanksgiving week is “cursed” for BTC and shows that the current cycle remains alive, even if it’s in a more mature phase.
Q. Does this mean Bitcoin will definitely go back above $100K?
No, nothing is guaranteed in the crypto market. While a sustained move above $90K increases the probability that Bitcoin could revisit or break $100K, it still depends on several factors: macroeconomic conditions, ETF flows, on-chain indicators, and overall risk appetite. Some analysts see realistic year-end ranges that include both sub-$90K and above-$100K outcomes, so investors should remain flexible and avoid assuming a one-way move.
Q. How does the 2024 Bitcoin halving affect today’s price action?
The 2024 Bitcoin halving reduced the block reward from 6.25 BTC to 3.125 BTC, cutting daily new supply roughly in half. Historically, halvings have been followed by powerful bull markets that unfold over 12–18 months. Today’s price action—where Bitcoin has already reached six-figure levels, pulled back, and now retakes $90K—fits within that broader pattern of strong rallies punctuated by serious corrections. The halving doesn’t guarantee higher prices, but it tilts the long-term supply-demand balance in favor of scarcity.
Q. Is now a good time to buy Bitcoin around $90K?
Whether it’s a good time to buy depends on your risk tolerance, time horizon, and portfolio strategy. For long-term believers in Bitcoin as a store of value, buying during corrections and consolidations has historically been more attractive than buying into euphoric breakouts. But Bitcoin remains highly volatile, and price could still swing sharply below $90K if macro conditions worsen or ETF flows turn negative. It’s essential to do your own research, size positions carefully, and never invest more than you can afford to lose.
Q. What should traders watch as Thanksgiving and year-end approach?
Traders focused on Bitcoin price into Thanksgiving and the end of 2025 should keep an eye on: If Bitcoin holds above $90K and sentiment improves, a renewed push toward $100K becomes more plausible. If it repeatedly fails at this level, or global markets turn risk-off, a retest of lower supports is very much on the table.
