Crypto Market Hints at a Two-Year Post-Thanksgiving Pattern Returning
Crypto market indicators suggest a return to a familiar post-Thanksgiving pattern seen in 2022 and 2023, signaling a potential December move.Summary
The crypto market is showing signs of recovery following a November sell-off, with Bitcoin reclaiming $91,000 and ETH above $3,000. Market indicators like the Fear and Greed Index (rising to 22), average RSI (climbing to 58.3), and MACD momentum turning positive suggest improving strength after deep oversold conditions. This setup mirrors conditions observed around Thanksgiving in both 2022 and 2023, where selling momentum eased.
In 2022, the market consolidated sideways after a crash, while 2023 saw a rally driven by ETF expectations. This year, seller exhaustion is evident as Taker CVD shifts to neutral, and liquidity stabilization is occurring despite market makers being weakened by previous shocks. Experts like Tom Lee suggest a strong December rally is possible if the Federal Reserve signals a softer stance.
If the two-year pattern holds, December is expected to bring a decisive move—either sideways consolidation if liquidity remains thin, or a sharp rally if macro conditions improve. The deciding factors will be the Fed's tone and Bitcoin ETF flow behavior, as thin liquidity means even moderate inflows could cause rapid price shifts.
(Source：BeInCrypto)