Current Market Snapshot
As of the latest data around 15:36 UTC (aligning with your screenshot timestamp), Bitcoin is trading at approximately $90,221 USD, reflecting a modest +2.35% gain over the past 24 hours. This comes after a volatile session where $BTC briefly surged to a 24 hour high of $94,477 before dipping below $90,000 amid profit taking and risk off sentiment. The 24 hour low hit $89,460, with trading volume spiking to $69.63 billion USD indicating heightened activity but also potential exhaustion in the rally. Market capitalization stands at $1.8 trillion, with a circulating supply of about 19.96 million BTC.
Market captures a moment of intraday weakness, showing BTC at $90,209 with a -2.32% 24-hour change (likely an earlier snapshot before the partial recovery). The chart timeframe (November 18 to December 4, 2025) highlights a broader downtrend from highs near $107,500, but extending to today, BTC has been range-bound between $89,000–$94,500 postFed announcement.
Current Price
$90,221
24h Change
+2.35%
24h High/Low
$94,477 / $89,460
24h Volume (USD)
$69.63B
Market Cap
$1.8T
What's Happening in the Market?
Bitcoin's price action today is dominated by the U.S. Federal Reserve's FOMC decision: a 25 basis point rate cut (third in 2025, bringing the federal funds rate to 3.50%–3.75%), paired with a hawkish tone from Chair Jerome Powell signaling a potential pause in further cuts due to persistent inflation concerns and a resilient economy. This triggered an initial spike to $94,500 as markets priced in looser policy, but the "mixed signals" led to a quick reversal BTC fell below $90,000 as traders reassessed liquidity expectations.
Compounding this:
AI Sector Bubble Fears: Downbeat earnings from Oracle (ORCL) revived worries about an overvalued AI hype cycle, denting risk appetite across tech and crypto. AI related tokens and DePIN projects dropped 4%+, dragging BTC lower.
Broader Risk-Off Mood: While stocks rallied on the rate cut, crypto decoupled negatively, with Ether (ETH) sinking ~4% and altcoins like XRP (-4% to $2.00) and UNI/DOT sliding amid $237 million in token unlocks adding supply pressure.
Sentiment Indicators: The Crypto Fear & Greed Index is at 29 (Fear), down from recent neutral levels, reflecting caution. On X (formerly Twitter), recent posts echo this: traders note BTC's failure to break $93K–$94K resistance, with expectations of downside retests and "boring" sideways action amid mental health strains from volatility. Some highlight ongoing bullish extensions beyond traditional 4-year cycles, but the consensus leans bearish short term.
Macro tailwinds remain: Analysts like Raoul Pal point to 2026 liquidity boosts from policy shifts, potentially unlocking trillions in credit. However, Standard Chartered slashed its end-2025 BTC target from $200,000 to $100,000, citing tempered rate-cut expectations. Overall, this feels like a "sell the news" event after the Fed's dovish cut met hawkish reality crypto's inflation hedge narrative is under scrutiny as rates stabilize higher than hoped
Technical Analysis
Your Binance chart provides a clear view of the short-term structure, and combining it with broader data paints a bearish-leaning consolidation after a multi-week decline. Here's a breakdown:
Price Action & Trend: BTC has been in a downtrend since mid-November highs (~$107,500), forming lower highs and lows. The screenshot shows a series of red (bearish) candlesticks breaking below the rising trendline from early December, with a brief green rebound failing at $94,476. This aligns with a rising wedge pattern a bearish reversal signal where upside momentum wanes. Recent action confirms: a post-FOMC pump filled a fair value gap (FVG) near $94K but rejected, suggesting sellers dominate.
Moving Averages (MAs):
Short-term: Price ($90,209 in screenshot) sits just below the MA7 ($90,643), indicating weakening bullish momentum. It's above the MA25 ($89,887), offering minor support.
Longer-term: MA99 (~$105,884) acts as overhead resistance, far above current levels confirming the downtrend. The screenshot's yellow line (likely a 50-period MA) slopes downward, crossing below longer MAs, signaling bearish crossover.
Volume: Elevated at 7.43 million BTC (or ~$1.999B USDT in your chart), with red volume bars dominating down days. This suggests distribution (sellers offloading), though the spike could precede a volatility squeeze.
Other Indicators (from chart & external sources):
Bollinger Bands (BOLL): Price hugging the lower band (~$89,390 low), implying oversold conditions but potential for further squeeze if it breaks lower.
SAR (Parabolic Stop and Reverse): Dots above price candles signal trailing stops for shorts—bearish until flipped.
RSI/MACD (inferred from Elliott Wave analysis): Short-term RSI likely ~40 (neutral-bearish), with MACD showing divergence (weakening downside momentum). A falling ADX indicates low trend strength, hinting at choppy range trading.
Support/Resistance: Key supports at $89,000 (24h low), $84K–$87K (deeper December range). Resistance at $94,500 (recent high) and $100K (psychological/MA99).
In Elliott Wave terms, we're potentially in wave 4 of a corrective ABC pattern post-November rally, with wave 5 downside targeting $80K–$85K if supports fail. MVRV-Z Score at 2.06 (overvalued, sell signal) and PI Multiple at -0.78 (peak sell) reinforce caution.
Suggestions: What Should Traders/Investors Do?
Short-Term Traders: Stay sidelined or short on breaks. With the rising wedge and post-Fed rejection, expect a pullback to $87K–$89K for liquidity grabs. Enter longs only on a confirmed breakout above $94,500 with volume >$70B. Use tight stops below $89K to manage risk. Fear index at 29 suggests dip-buying opportunities, but AI/Fed overhang could extend downside.
Long-Term Holders (HODLers): Buy the dip incrementally (DCA) if you're bullish on BTC's macro story—e.g., ETF inflows, halving afterglow, and 2026 stimulus. Targets: $100K by year-end if Fed softens. Avoid leverage; stack at supports like $85K for 20–30% upside potential.
Risk Management: Set alerts at $89K support and $95K resistance. Diversify into stables (USDT/USDC) during fear spikes. Monitor Fed minutes and Oracle fallout for catalysts. On X, sentiment is fearful use it as a contrarian signal for bottoms.
The market's in "wait-and-see" mode post-Fed, but volatility favors the prepared. If BTC holds $89K, a relief rally to $95K+ could follow; otherwise, December could deepen the slide to "extreme fear" levels. Keep watching volume and macro news for the next move.
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