Christmas Bitcoin Rally: Is the bullish movement starting at $89,000?
Bitcoin is entering a crucial phase as the price remains above $90,000 ahead of the last Fed meeting of the year. The market structure is adjusting as traders watch the range of $89,000 to $95,000 for signals. Sentiment remains cautious, but seasonal patterns and strong underlying demand keep the Christmas rally narrative alive. Lower leverage and moderate activity in derivatives are also shaping this week's setup.
In brief
Bitcoin remains above $90,000 after a volatile weekend, keeping the $89,000–$95,000 zone in focus.
Traders are monitoring key levels as the Fed prepares its final decision on rates, with a 25 basis point cut widely expected.
The low leverage, lower open interest, and seasonal patterns maintain a potential year-end rally if Powell signals stability.
Bitcoin tests key levels ahead of a crucial week for the Fed
Bitcoin continues to exhibit high volatility, having bounced above $90,000 on Sunday and maintaining that level to date. The weekend rally highlights rapid changes in momentum, with traders reacting to each move within the broad range of $87,000 to $90,000. Several prominent analysts are closely following this structure, as indicated by a recent market analysis detailing key trader expectations for the current range.
A CrypNuevo trader anticipates that the price will head towards the 50-day exponential moving average (EMA), near $95,500, where a significant liquidity pool exists. They do not yet see a clear long-term pattern and may retest the lows in the $80,000 range if Bitcoin fails to establish a more solid base.
#