$BTC Bitcoin trades around $91,000 today, steadying above key support after recent volatility, with a 24-hour trading volume exceeding $46 billion.fxstreet+2
Current Price Action
Bitcoin holds above $90,000 following a pullback from highs near $94,640 earlier this week, driven by renewed bullish momentum amid hopes for a Federal Reserve rate cut. Resistance sits at $94,150, while bulls defend the $90,000 level against downside risks. The market cap stands at roughly $1.86 trillion, with circulating supply at 19.96 million BTC out of a 21 million cap.bitcoinmagazine+1
Key News Highlights
Broader crypto recovery features strength in BTC, ETH, and XRP, alongside altcoin surges like WIF and FET ahead of Fed decisions.fxstreet
Institutional moves include acquisitions of Bitcoin-related products, signaling sustained demand.bitcoinmagazine
Analysts note a potential shift away from traditional four-year cycles, with recent surges past $92,000.bitcoinmagazine
Short-Term Predictions
Forecasts project mild upside today to around $92,363 or $90,957 by December 10, with weekly targets near $93,176 amid 5% gains. Some models see slight dips to $90,838 by December 12, followed by consolidation in the $90,000-$93,000 range this week. Technicals point to bullish trends if support holds, though volatility persists near moving averages.binance+3
