Per my earlier post about a week ago, BTC and the crypto market have done it again, for the third year.

BTC liquidation back into fiat to pay for up coming purchases during "black Friday" week are right on schedule.

The last few hours BTC has settled around US $7600, about a 5% drop in one day overall after 6 plus months of 8K or better shoring up the bottom of market.

Pre Black Friday "Week" shopping is partly driving BTC down to these levels, where education payments for next semester are also made this time of year.  Automated trading playing the "short" game has likely kicked in based on the last two years of trading results this time of year.

Will BTC go a bit lower? Likely, is it a good time to buy in? Probably, especially if you just joined the party.

IMO, expect a minor recovery of 1 or 2% after Black Friday, and then one more dip in BTC's price before Christmas through to the new year, all "dips" worthy of a "buy in" action.

Then get ready for the bottom of the BTC market to ride up to  12K and possibly even 15K before the 2020 US Elections, the latter being the case if the US $ weakens some more, if the face of real Main St. Economy weakness and the growing number of lay-offs happening around the globe, and consumption tails of significantly versus the past few years, the former if the US $ stays strong during and shortly after the election.

Just sayin'

TK over and Out!