Odaily News Markus Thielen, founder and CEO of 10x Research, said today: "Bitcoin is consolidating ahead of the Thanksgiving long weekend as traders expect implied volatility to fall." He added that Bitcoin has a historical tendency to weaken at the end of the month, which "helps to ease its overbought technical condition." Thielen said that broader macroeconomic factors such as strong economic growth data may cause the Federal Reserve to keep interest rates stable in December, surprising the market and affecting high-risk assets, but he remains optimistic about the coming weeks. "Despite these short-term resistances, we still believe that Bitcoin will break through the $100,000 milestone in the coming weeks and remain optimistic about 2025." (Cointelegraph)