Market fears of Bitcoin price drop: This concern has risen as Bitcoin struggles to recover from the high of 99,600 USD. Notably, during Thanksgiving in 2020, Bitcoin’s price plummeted by 17% in just a few hours.

Bitcoin’s monthly performance: However, Bitcoin recorded a 35% increase this month, demonstrating stronger performance compared to last year. Support from industry leaders has helped stabilize the market.

Future outlook for Bitcoin: Recent analysis shows that price charts indicate signs of a temporary bottom, suggesting a possible recovery in the near future.