$BTC
As of December 8, 2025, Bitcoin (BTC) is trading around $91,000-$92,000, showing slight positive momentum amid optimism over a potential U.S. Federal Reserve interest rate cut, which encourages a shift towards riskier assets.
Today's Price Performance and Key Levels
Current Price: Bitcoin is trading around $91,200 to $91,800 on major exchanges.
24-Hour Change: The cryptocurrency market is generally in the green today, with Bitcoin rising approximately 1.86% over the past 24 hours.
Support & Resistance: Immediate support levels are identified around $90,500 and a stronger one at $85,000. Resistance is present in the $92,000–$94,000 zone, with a breakout above this potentially targeting $96,450 or even the $100,000 psychological milestone.
Market Sentiment: Technical indicators suggest a bullish bias, though the Fear & Greed Index is in the "Extreme Fear" zone, indicating a potentially oversold condition that might precede bounces.
Analysis and Market Drivers
The primary driver for today's positive price movement is rising optimism for a quarter-point interest rate cut by the U.S. Federal Reserve at its upcoming December 9 meeting. Lower interest rates typically boost investor appetite for risk assets like Bitcoin.
Despite a "risk-off" start to December that saw prices dip below $86,000, the token has steadied as selling pressure from long-term holders has eased. The current consolidation phase above key support suggests underlying strength, with analysts eyeing a potential breakout in the near term.
Outlook
While short-term volatility persists due to macroeconomic pressures, the long-term outlook for Bitcoin remains bullish, driven by the lingering effects of the recent halving event and increasing institutional adoption through spot ETFs. Experts suggest that if the price can sustain a move above the $93,000 mark, it could signal a rally towards the $110,000-$125,000 range by the end of December 2025.
