
Bitcoin surged above $90,000 following a 13% recovery from $80,000 lows as traders on Kalshi assign a 60% probability to $100K by year-end.
The rally gained momentum after Treasury Secretary Scott Bessent said there was a “very good chance” that President Trump would announce his Federal Reserve chair pick before Christmas, with markets pricing an 85% probability of a December rate cut.
Current Fed chair Jerome Powell’s term ends in May. Expectations for a more dovish replacement raised hopes for earlier or deeper interest rate cuts, boosting risk assets from equities to cryptocurrencies.
Five strong candidates remain in second-round interviews, moving along very well, according to Bessent.
Source: TradingViewFed officials signaled a willingness to support cuts, with investors watching upcoming jobless claims for clues on the pivot’s timing.
However, credit risk in AI-linked technology names crept higher amid widening credit default swap spreads.
Concerns about AI spending pace, particularly Nvidia inventories, have also drawn attention as Bitcoin moves in lockstep with the Nasdaq.
Crypto ETFs continue to see net outflows, with products trading below their indicative values.
Strategy’s Bitcoin treasury faces scrutiny after the stock appears on MSCI’s delisting watchlist, raising fears of spillover selling.
Just today, Tom Lee also scaled back his $250,000 forecast to above $100,000, noting Bitcoin may only “maybe” retest October’s $125,100 all-time high.
Lee explained that the tepid view stems from the October 10 crash caused by a glitch that triggered automatic liquidations, wiping out nearly 2 million accounts.
However, Lee pointed to rising gold demand from crypto-backed stablecoins helping establish a higher future price floor.
USDT issuer Tether became the largest private gold holder globally, surpassing several central banks.
According to analyst Tracer, Binance, Wintermute, and Bybit bought over $10 billion in Bitcoin in 5 hours, with continued accumulation.
Currently, most liquidity is stacking to the upside, with significant clusters at $85,000-$86,000.
Reclaiming $93,000-$94,000 zone could pull the price toward $100,000.
Daily charts show Bitcoin at $90,484, establishing support above $90,000 after breaking $88,000 resistance.
Immediate resistance appears at $92,000-$94,000, followed by $98,000-$101,972 range and a major $106,000-$107,000 zone.
The $97,000-$98,000 area shows heavy liquidity after a sustained selloff, resulting in lower highs.
Moreover, a 90-day spot taker CVD turned neutral, indicating easing selling pressure. Buying dominance could trigger a sustained rally.
Source: X/@TedPillowsLower timeframe setup requires a break above resistance for bullish continuation toward $96,000-$98,000 targets.
Break below the trendline, and a 4-hour close under $86,500 could drop toward lower zones, creating a double bottom.
Notably, Thanksgiving historically weighs on sentiment, with an average loss of 0.8%.
However, this year’s pre-holiday rally suggests 2025 could break the pattern as Glassnode warns Bitcoin remains structurally weak after losing the 50-week moving average.
Looking forward, a successful hold above $90,000 can pave the way for an advance toward $92,000-$94,000 resistance, then potentially $98,000-$100,000.
Failed support might trigger a retest of $88,000, with deeper corrections toward $81,000-$82,000 possible.
Bitcoin’s recovery might also be affected by persistent scalability challenges that limit ecosystem growth.
BTC Hyper addresses these constraints by integrating the Solana Virtual Machine for high-speed, low-cost smart contracts while maintaining Bitcoin’s security foundation.
The presale surpassed $28 million, nearing the $0.013 per token close, which attracted significant whale investments and ranked among 2025’s top fundraisers.
Public testnet launches in Q4 2025/Q1 2026 with mainnet preparations advancing rapidly.
It offers staking with APYs up to 40%, incentivizing long-term participation. The native token powers network fees, governance decisions, and rewards distribution.
Analysts forecast explosive adoption in 2026 as Bitcoin’s rally drives demand for scalable infrastructure solutions.
To buy $HYPER, visit the official Bitcoin Hyper website and connect your wallet, like Best Wallet. Swap crypto or use a bank card.
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