Bitcoin has surged past $90,000 once again, roaring back after last weekâs drop near $80,000. The worldâs biggest crypto jumped 4% in 24 hours, briefly touching $91,200, boosted by renewed market optimism, strong liquidity, and rising expectations of a Federal Reserve rate cut in December.
But despite this exciting comeback⊠â ïž analysts warn the rebound may still be fragile.
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đ BTC Price Still Showing Weakness
BTC continues trending downward on the daily timeframe, signaling caution for traders.
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đ„ Market Rebounds as Risk Appetite Returns
Bitcoin isnât rising alone â the entire crypto market is waking up:
âš Ethereum reclaimed $3,000
âš XRP, BNB, Solana, Cardano, Tron, Dogecoin all pumped 4%+
Whatâs pushing the momentum?
âïž Fed Rate Cut Hopes at 85%
Traders now expect an 85% chance of a December rate cut â up from 44% just a week ago.
Lower interest rates = more demand for risk assets like crypto.
âïž 1.8 Million BTC Withdrawn From Exchanges
A huge BTC outflow overnight sparked whispers of institutional accumulation đ
Still, not everything is bullishâŠ
The Fear & Greed Index remains in Extreme Fear đš
Analysts say the pump was partly a short squeeze, not pure buying demand
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â ïž Analysts: Strong Resistance Ahead
Even with the bounce, Bitcoin faces major hurdles:
đž Strong resistance zone: $92,000â$95,000
đž Whale wallets (10â10,000 BTC) have reduced holdings for 6 straight weeks
đž Institutions reportedly trimming exposure before year-end
đ Possible scenarios:
Bearish:
BTC retests $82,000
Could even dip below $80,000 if momentum fades
Bullish:
A clean break above $95,000 could flip structure bullish again
Opens the door for new highs đ
âïž A Market at a Crossroads
Bitcoinâs rebound looks promising â but still shaky.
đč Liquidity improving
đč Sentiment mixed
đč Leverage unwinding
đč Macro signals conflicting
Right now, BTC is stuck between growing optimism and lingering fear.
