News Author: Crypto Emergency
On December 9, Bitcoin (BTC) once again failed to break the resistance at $94,000. Volatility increased amid expectations of the Federal Reserve's (Fed) decision on the key rate.
The last FOMC meeting of the year started on December 9, and the results will be announced on December 10 at 14:00 ET. Market participants predict a 25 basis point rate cut - this will be the third step by the Fed in 2025.
According to Polymarket, the probability of a decrease to the range of 3.5–3.75% is estimated at 96.8%, while maintaining the current level of rates has only a 3% chance.
On December 10, Bitcoin briefly dropped to $92,000. Investors are concerned that comments from Fed Chair Jerome Powell could trigger additional turbulence.
Key BTC levels
• $93,300 — turning into support will open the way for growth.
• $98,000 (50-day SMA) — holding above will enhance the chances of moving to $100,000.
• $100,000 — a psychological barrier, bounces from which have previously led to sell-offs.
• $108,000 (200-day SMA) — a supply zone, overcoming which will give a chance for growth to $110,000.
• $94,000 — resistance, holding which may lead to testing levels below $90,000.
• $91,500 — a critical support zone, falling below it would be a serious blow to the market.
Analysts note that the bullish momentum from falling rates is already partially priced in. Market participants' main focus is on Powell's rhetoric, which will determine the further direction of movement.
