Technical Analysis

Bitcoin has rebounded from $84,000 to near $93,000 and is consolidating around $91,400 as exchange selling pressure and whale deposits decline. On-chain metrics point to weakened short-term holder activity and a potential move toward the $98,700 resistance, with some traders eyeing the $102,000–$112,700 zone if momentum builds. Analysts describe the setup as fragile but improving, with macro policy expectations and subdued ETF inflows still shaping the next major breakout.

Bitcoin is approaching the FOMC decision with weak liquidity, fragile leverage and mounting miner stress. On-chain gauges signal short-term capitulation amid range-bound global liquidity. Several key U.S. data releases could spark volatility before the policy update. Whether sidelined cash rotates into risk assets may determine if price can reclaim key levels.

Bitcoin’s composite Bull-index is around 23%, while the fast version has slipped to 18%, forming a FAST < SLOW divergence that has historically preceded corrections or sideways phases. The current -5.28 point gap is moderate, but it is the first warning this month and aligns with a tactically fragile setup ahead of the December 9–10 Fed meeting and the December 10 rate decision. With futures implying an 85% chance of a 25 bps cut to the 3.50–3.75% range, keeping baseline long exposure while avoiding added risk is framed as prudent amid fading short-term momentum.

PEPE has traded in a downtrend since late September, but technical indicators point to a possible short-term rebound of 12-15% toward key resistance levels. The Stochastic RSI has formed a bullish crossover, while accumulated short liquidation positions have grown significantly. These conditions could trigger a relief rally before the broader bearish trend continues, according to chart analysis.

Bitcoin trades around $107,600, reflecting a 0.7% decline over 24 hours and a 4.8% drop over the past week, data show. The cryptocurrency has struggled to regain momentum after briefly surpassing $112,000. Analysts remain divided on whether Bitcoin will rebound or face deeper correction, with on-chain metrics presenting mixed signals.

Matt Hougan, chief investment officer at Bitwise, has compared gold's 57% surge in 2025 to bitcoin's current consolidation phase. He suggests bitcoin may follow a similar breakout pattern once its remaining seller base is depleted, mirroring gold's trajectory after sustained central bank purchases exhausted price-sensitive sellers. Since January 2024, institutional channels and corporations have acquired roughly 1.39 million BTC through spot ETFs and direct purchases, creating a supply-demand imbalance that Hougan believes could drive a breakout.

Addresses holding 100-1,000 BTC have increased their holdings in recent periods, replicating accumulation patterns seen before the 2017 and 2021 bull markets, according to Alphractal. Liquidation data shows the highest concentration of open liquidations has shifted to short positions, while Bitcoin traded near $108,292 with technical indicators signaling oversold conditions. The trend reflects long-term conviction among mid-tier holders contrasted with short-term uncertainty driven by derivatives positioning.