As of Monday, December 8, 2025, Bitcoin (BTC) is trading at approximately $92,200, demonstrating renewed bullish momentum as traders globally await the Federal Reserve’s pivotal policy announcement later this week. This marks a significant recovery from November’s downturn, when prices tested support near $80,000.
Technical Outlook Points to Potential Breakout
Analysts are highlighting a clear ascending triangle pattern forming on Bitcoin’s daily chart—a traditionally bullish technical formation. A decisive close above the $92,500 resistance zone could trigger accelerated upward momentum. According to a recent market structure analysis by CoinDesk, such a breakout often precedes rapid moves toward higher highs. In Bitcoin’s case, initial targets are seen at $95,000, with a potential thrust toward the psychologically significant $100,000 level in the short term.
Macroeconomic Drivers: All Eyes on the Fed
The primary catalyst for the current risk-asset rally is widespread anticipation of the Federal Reserve’s first interest rate cut in this cycle. U.S. stock futures moved higher ahead of the New York open, a move mirrored by Bitcoin’s 3% intraday gain. The rally follows the latest Personal Consumption Expenditures (PCE) data, the Fed’s preferred inflation gauge, which confirmed cooling price pressures—a detail extensively covered by Reuters’ financial markets team.
Market sentiment suggests investors are pricing in a high probability of a dovish shift from Chair Jerome Powell. Lower interest rates typically weaken the U.S. dollar and enhance the appeal of non-yielding assets like Bitcoin, a dynamic explored in depth by Bloomberg’s latest crypto macro report.
Weekend Volatility Shakes Out Leverage
The path upward hasn’t been without turbulence. Over the weekend, Bitcoin briefly dipped below $90,000, triggering over $170 million in long-position liquidations. However, the swift recovery above $92,000 subsequently liquidated a wave of overconfident short positions. Singapore-based trading firm QCP Capital noted on X that this “volatility squeeze” effectively reset excessive leverage, creating a healthier foundation for the current uptrend.
Altcoin Market Shows Concurrent Strength
The bullish sentiment is radiating across the cryptocurrency spectrum:
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Ethereum (ETH) has solidified its position above $3,100, with analysts eyeing a potential run toward the $3,500-$4,000 range.
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Binance Coin (BNB) is showing strength, recently surpassing key resistance levels. Its momentum follows Binance’s landmark regulatory settlement, detailed by The Block, which removed a significant overhang and could propel BNB toward the $1,000 milestone.
Forecast: A Data-Dependent Path to Six Figures
The immediate trajectory for Bitcoin is inextricably linked to the Federal Reserve’s communication on Wednesday. A confirmed rate cut, accompanied by guidance for further easing, could act as a powerful catalyst for a $100,000 breakthrough. Conversely, any unexpectedly hawkish rhetoric could prompt a sharp retracement toward the $88,000 support zone. Traders should prepare for elevated volatility as the market digests the Fed’s decision and updated economic projections.