Welcome to the U.S. Cryptocurrency News Morning Bulletin—here's a brief summary of the day's most important developments for those wanting to know what's happening in the cryptocurrency market.
Get your coffee because after weeks of stagnant prices, the leading cryptocurrency has regained $90,000. Technical breakouts, upcoming options expirations, and ETF positioning are setting the stage for a volatile and bullish run for Bitcoin price as we approach year-end.
Bitcoin Surpassed $90,000: Technical Movements and Year-End Market Dynamics
Bitcoin surpassed the $90,000 threshold, and this movement, driven by technical breakouts, positioning in derivatives, and ETF-induced incentives, spread the bull momentum across the entire cryptocurrency market in the year-end shallow liquidity environment.
This rise brings Bitcoin to a critical juncture. Analysts are divided between a stronger long-term movement towards six-figure prices and short-term volatility.
From a technical perspective, momentum has decisively turned bullish. Bitcoin's price has formed a critical chart pattern on the daily timeframe. On the daily chart, Bitcoin is evolving from a descending triangle into a falling wedge model. This development is occurring while upward momentum is being built above the $90,000 level.
In technical analysis, breakouts from descending triangles upwards generally indicate a trend continuation and could signal a recovery rally for Bitcoin.
On-chain valuation indicators also show that there is still room for an upward move. Specifically, Bitcoin's realized price, which is the average price at which BTC last changed hands, is well below current market levels.
Historically, Bitcoin has often faced resistance at mid-band and cycle peaks. This indicates that while BTC is currently trading above fair value, it is still far from classic cycle peaks.
However, the short-term volatility risk is increasing as a significant derivatives catalyst is imminent. On Friday, 50% of Deribit's open positions will expire. This means approximately $24 billion worth of Bitcoin options and other contracts will come to an end.
According to Coin Bureau CEO and co-founder Nic Pucrin, options traders may try to pull prices towards Bitcoin's maximum pain level of around $96,000. Such a dynamic could increase price fluctuations during the low liquidity Christmas period.
Institutional positioning through spot Bitcoin ETFs is also shaping market psychology. According to Glassnode data, ETF inflows are heating up the rise by the end of the year. The average purchase price by ETF investors is around $83,000.
According to analyst Ran Neuner, who evaluated all this data, Bitcoin could close the year at or above the $100,000 limit.
At the same time, liquidity indicators show that a critical battle area is forming. On the Bitcoin side, liquidity is accumulating around $90,800. According to analyst Lennaert Snyder, a rejection from here could create opportunities for short positions if Bitcoin fails to regain the $94,000 resistance.
Beyond daily fluctuations, analyst Michael van de Poppe interprets this move as part of a larger cycle change.
Analyst Michael van de Poppe stated: 'Bitcoin managed to hold above the vital support at the $86,500 level and continues its upward movement. The likelihood of testing $100,000 is strengthening, and the market may have entered the early stages of a broad-based bull market.'
Finally, whether altcoins can surpass Bitcoin in the upcoming period may determine how this rally progresses.
Today's Chart
Here’s a brief summary of other important US cryptocurrency news to watch today:
Ethereum has taken a bigger hit than Bitcoin: $952 million has exited crypto funds—what's the reason?
What awaits Bitcoin in 2026? Old economic models may provide the answer!
Why do analysts believe altcoins are in the final stage of a bear market?
Galaxy Digital announced its 2027 Bitcoin forecast, while the 2026 outlook remains uncertain.
AAVE price dropped by 10%: sales accelerated due to the DAO governance crisis.
Hyperliquid denied insider trading allegations—discussions continue as the one billion dollar HYPE token burn vote approaches.
The Fed will inject $6.8 billion into the market for the first time since 2020—why is the cryptocurrency market closely following this move?
Cryptocurrency Stocks Pre-Market Outlook
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Cryptocurrency stocks are racing for market opening: Google Finance
