An interesting market, but a not unexpected one. We finally dipped into that 80k–90k correction zone that people have been predicting for weeks, and sure enough, the buy pressure kicked in almost immediately. Now we’re hovering above 90k again, as if the whole thing was just a quick stress test to make sure everyone was paying attention.
So the real question: where do we go next? Do we get a little Thanksgiving rally and push back to 100k, stay in this sideways chop for a few days, or fall back to down to 80k again — or lower?
Traditional finance loves a Thanksgiving rally. Crypto doesn’t always follow those patterns, but it sometimes echoes them in its own chaotic way. We could absolutely see a quick sprint back toward six digits if the long-weekend optimism lands. Or we might just drift sideways because everyone is eating turkey and ignoring their charts. Or we could simply slip back into the 80s again if the buyers lose interest and the macro mood sours.
At times like this, honest uncertainty feels more realistic than confident predictions. It almost feels like an errie calm right now. Is this the calm before the storm or before the dawn? Hmmm. So instead of pretending to know, let’s just take the temperature of the crowd.
Two things. Below is a poll — so pick the one you like best. Then in the comments give your number predictions for… I don’t know. Let’s say Black Friday, New York time. 9:30am. You can work out what that is in your time zone. 5 HSBI to the person with the closest guess! Let me know your guess!
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David is an American teacher and translator lost in Japan, trying to capture the beauty of this country one photo at a time and searching for the perfect haiku. He blogs here and at laspina.org. Write him on Bluesky. |