Bitcoin Price Prediction: $6.6 Trillion Fed Flip Expected in December – How High Can BTC Go?
Bitcoin is entering December under mounting pressure, with traders positioning for what could be one of the most consequential Federal Reserve decisions in years. BTC is trading near $86,056, down almost 6% over the past 24 hours, after a sharp reversal from its October peak of $126,000.
The market’s slide comes as analysts warn that a potential $6.6 trillion shift in global liquidity could reshape risk appetite across equities, crypto, and bonds.
Speculation intensified following reports that Kevin Hassett, former White House economic advisor and a figure long associated with crypto policy discussions, has emerged as a contender for the Fed chair role. His appointment would mark a dramatic pivot in the central bank’s stance and may encourage a broader move into digital assets.
At the same time, traders are watching early signals from China, where subtle liquidity adjustments and improving credit conditions are being read as a green light for higher-beta assets, crypto included.
Market Signals and Broader Sentiment
Despite a supportive macro backdrop, Bitcoin’s momentum remains fragile. After doubling from its 2024 lows near $40,000, the rally stalled as concerns about overheated positioning and slowing inflows pulled sentiment lower.
A December policy shift could change that. Traders highlight three factors likely to influence BTC’s direction:
A potential easing cycle beginning this month Liquidity rotation in large sovereign markets Rising odds of a crypto-friendly Fed leadershipThese forces, combined with tightening supply ahead of the next halving cycle, have kept long-term bulls confident despite near-term volatility.
Bitcoin (BTC/USD) – Technical Outlook Weakens
Bitcoin’s chart tells a more cautious story. Price action remains locked inside a descending channel, with BTC unable to reclaim the 20-day EMA near $92,000. Each rebound has stalled just short of the 0.382 Fibonacci level at $98,222, reinforcing sellers’ dominance.
A recent spinning-top candle at the channel’s median line signaled hesitation before sellers pushed BTC lower again. RSI near 32 shows momentum remains weak but not yet oversold enough to confirm a reversal.
Bitcoin (BTC/USD) Price Chart – Source: TradingviewIf the channel continues to guide price, BTC could test $81,028, with deeper extensions toward $75,391 or $68,559 if volume accelerates.
A bullish shift requires a daily close above the 20-day EMA and, eventually, $103,574, the Fibonacci midpoint that marks the start of meaningful recovery.
A clean long setup appears only if Bitcoin forms a bullish engulfing candle or RSI divergence near lower support. A rebound from that zone could reopen targets at $92,000, $98,000, and $103,000, setting the stage for a broader recovery that historically lifts major altcoins like ETH, SOL and XRP.
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Click Here to Participate in the PresaleThe post Bitcoin Price Prediction: $6.6 Trillion Fed Flip Expected in December – How High Can BTC Go? appeared first on Cryptonews.
