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Here's Why Bitcoin Rebounded Nicely Before Thanksgiving

TheMotleyFool

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Here's Why Bitcoin Rebounded Nicely Before Thanksgiving: https://g.foolcdn.com/editorial/images/844737/bitcoin13.jpg

Sitting around the Thanksgiving table this week, I'd imagine plenty of folks will be talking Bitcoin (CRYPTO: BTC).

In such discussions, price level (and recent price action) can easily be the topic du jour. There's good reason for this, considering Bitcoin's relative volatility compared to other assets valued at the trillion-dollar level or above.

Today's 4% move higher in Bitcoin over the past 24 hours (as of 4:30 p.m. ET) does bode well for bulls in their defense of this top cryptocurrency over the next few days. Let's dive into what's driving this move in Bitcoin, and what this recent rally may mean as investors model out their potential returns for the year with their Bitcoin holdings.

Source Fool.com

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