### Is a recovery in the cryptocurrency market on the horizon? 🚀
Promising news of liquidity entering and the market gradually rising $BTC
Coinbase expects a recovery in the cryptocurrency market in December, citing several positive indicators:
- Improvement in liquidity conditions with the M2 money supply reaching a record level of $22.3 trillion
- Nearly 90% probability of a federal interest rate cut at the December 10 meeting
- Significant decrease in selling pressure from long-term Bitcoin holders (down to about 1,000 Bitcoins daily from 2,350 Bitcoins)
- New capital inflows and tightening spreads supporting market stability
Looking at Bitcoin's price movement today, we see consolidation around the $89,600 level with decreased volatility compared to recent weeks. The 4-hour Bitcoin trading chart shows a tighter range between $89,200-$89,800, indicating that the market may be on the path to stabilization.
If these positive trends continue, Bitcoin could end December positively for the first time since 2023. This recovery phase may present interesting opportunities for traders as market sentiment improves! 📈
