- Bitcoin was trading at $92,200 during intraday trading on December 8, 2025.
- The benchmark digital asset has turned somewhat bullish after bears lost momentum in November.
- Although price remains around the $90,000 area and some weakness persists, market attention is focused on the U.S. Federal Reserve (Fed).
Bitcoin is showing signs of a bullish reversal, and fresh upside momentum has pushed BTC above $92,000 as risk assets rallied ahead of a key Fed meeting.
With U.S. stock futures rising ahead of Wall Street’s Monday open, Bitcoin climbed roughly 3% to $92,220.
Technical charts show a classic ascending triangle forming on the daily timeframe, suggesting a possible sharp move toward $95,000–$100,000 in the coming days.
Elsewhere, Ethereum is trading above $3,100 and could target the $3,500–$4,000 area if momentum continues.
Across altcoins, Binance’s regulatory milestone has been a tailwind, and BNB could challenge the $1,000 level.
Bitcoin rises amid expectations of a Fed rate cut
On Monday, U.S. stock futures rose as investors positioned for the Federal Open Market Committee meetings on Tuesday and Wednesday.
The modest advance matched a streak of weekly gains for major indices.
BTC recovered from lows near $80,000 over the past week to turn green, reflecting market optimism about a possible Fed rate cut.
A softer personal consumption expenditures (PCE) price index helped cement that view. PCE is a key U.S. inflation gauge, and the print increased confidence that Fed Chair Jerome Powell may signal rate easing this week.
Can bulls drive Bitcoin to $100,000?
Bitcoin experienced notable volatility over the weekend, plunging below $90,000 and then recovering rapidly.
The initial dip triggered cascading long-liquidations exceeding $170 million, but as shorts were forced to cover, BTC surged higher and surprised overly leveraged bearish traders.
Analysts at QCP Group shared details of these price moves on X, noting swings between $88,000 and $92,000 and two-way volatility in ETH, underscoring thin year-end liquidity and continued position unwinding.
At the time of writing, BTC shows signs of steady accumulation above $92,000.
“Attention shifts to Wednesday’s FOMC,” QCP analysts commented. “A 25 basis-point cut is largely priced in, but balance-sheet guidance will direct risk. With $BTC still oscillating between $84,000 and $100,000, a decisive break in either direction could create the next major trend.”
Support is coming from both institutional dip-buyers and retail accumulation, and a breakout from the $95,000–$105,000 band is possible if buying pressure intensifies.
Part of the bullish case stems from an ascending triangle pattern that has been forming on Bitcoin’s daily chart since mid-November.
Bitcoin price chart
This pattern, combined with narrowing volatility and rising spot demand, points to a bullish outlook. A decisive daily close above $92,000 could set in motion a move toward $95,000 and then into resistance near $100,000–$101,500.
If the Fed signals a supportive policy stance, renewed macro liquidity could fuel further technical breakouts and lift broader crypto market sentiment.