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Author Topic: Does Bitcoin's dump to $16.2K have anything to do with Black Friday?  (Read 1734 times)

Offline dragononcrypto

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Does Bitcoin's dump to $16.2K have anything to do with Black Friday?
« on: November 26, 2020, 11:19:59 AM »
For those of you who don't know what Black Friday is (which is tomorrow by the way):

Quote from: Wikipedia
The day after Thanksgiving has been regarded as the beginning of the United States Christmas shopping season since 1952 ... Many stores offer highly promoted sales on Black Friday and open very early, such as at midnight, or may even start their sales at some time on Thanksgiving.

So ironically, as we approach Black Friday and stores and websites begin to offer discounts and sales, Bitcoin is now on sale after dumping 17%  ::)

Do you think Bitcoin will sell off further tomorrow, or will investors be buying into this discount after today's capitulation style candle?

Do you think it's a coincidence, as the technicals showed that a correction was coming, or does Black Friday also affect Bitcoin?

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Does Bitcoin's dump to $16.2K have anything to do with Black Friday?
« on: November 26, 2020, 11:19:59 AM »

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