Bitcoin has rebounded to trade near $91,000–$92,000, driven by strong market expectations (over 80%) of a Federal Reserve rate cut in December. Despite the current gains, QCP Capital warns that resistance in the mid-$90,000 range—fueled by supply pressures and weak U.S. ETF inflows—could limit further upside, noting key support around $80,000–$82,000. Separately, JPMorgan emphasized Bitcoin's growing status as a macro-driven, institutionally supported asset, despite ongoing short-term liquidity issues