$BTC is trading around $92,450, with intraday movement between roughly $91,007 and $93,577.
Short-term technical models project a trading range for December between $88,600 and $94,300, with a mid-range around $91,600.
🔎 What’s Driving Bitcoin Now
The recent halving in April 2024 continues to exert bullish pressure as supply growth slows — many believe this could support further upside into 2025-26.
Macro tailwinds: easing global monetary policy and growing institutional interest (including through ETFs and tokenized products) are boosting Bitcoin’s appeal as a store-of-value and digital “collateral” asset.
On the utility front, expansion of stablecoins and tokenized-asset markets strengthens Bitcoin’s role beyond speculation, increasing liquidity and real-world use cases.
⚠️ Risks & What to Watch
Near-term volatility remains elevated. Some technical analyses suggest Bitcoin recently dipped below critical support zones — if it fails to hold around $84,000–$88,000, further downward pressure is possible.
Macro and regulatory uncertainty — e.g. changes in global interest rates, liquidity conditions, or regulatory crackdowns — could quickly sway sentiment and disrupt momentum.
With many institutional players active, Bitcoin is becoming increasingly correlated with traditional financial markets — meaning global economic or equity-market shocks could hit BTC hard too.
🔭 What to Watch Next
Support & resistance zones: if BTC holds above $88,000–$90,000, we might see a bounce toward $94,000–$100,000 as next targets. Break below support could open path toward $80,000–$85,000.
Institutional flows & ETFs: continued inflows, or new institutional adoption, could drive demand and price upward — but pauses or outflows may trigger volatility.
Macro developments: interest-rate decisions, inflation data, global economic stability will strongly influence market sentiment — and thus Bitcoin’s near-term trend.
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