Bitcoin's price has recently touched about $99,500 before dipping below $97,300, raising speculation about the psychological impact of reaching $100,000. Federico Brokate from 21Shares highlighted this milestone as a significant psychological barrier for markets. He mentioned that if Bitcoin fails to decisively break through this level by Thanksgiving, a correction of 15-20% could follow, testing the $80,000 support level. Brokate also suggested that historical patterns, like those observed in 2017, could see a substantial price rise post-Thanksgiving, similar to Bitcoin's jump from the $6,000-$9,000 range to around $16,000. Additionally, he noted that after such a plateau, investors might rotate towards altcoins, which could further shift market dynamics in the upcoming months. Overall, Thanksgiving may potentially offer a unique opportunity for discussions among investors about their cryptocurrency investments and gains this holiday season.

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