#BTCRebound90kNext? Bitcoin is currently trading at 88,754 USD, after falling from the historical high of ~126,000 USD in October. The market debates whether this rebound can hold and return to the 90k zone in the short term.

Current Context

- Strong correction: In November, BTC lost almost 30% from its ATH, touching 82k before stabilizing.

- Technical rebound: The recovery towards 85k–88k is interpreted as relief after the crash, with analysts seeing support at the 50-week EMA.

- Macro at play: Expectations of a possible rate cut by the Fed could provide some relief to the market.

Market Signals

- Options and derivatives: Flows show bullish positioning towards 90k–100k, although with caution due to high demand for puts.

- Technical formation: BTC is at the lower limit of a falling wedge, a pattern that usually anticipates a bullish breakout if confirmed.

- Institutional volatility: Withdrawals from large players and adjustments in ETFs have amplified the drop.

Risks and Opportunities

- Risks:

- Persistence of institutional selling.

- Regulatory uncertainty in the U.S. and Europe.

- Possible macro pressure if the Fed maintains a restrictive stance.

- Opportunities:

- Technical rebound towards 90k–100k if seller exhaustion is confirmed.

- The “Santa Rally” narrative in December could attract speculative flow.

- BTC continues to be seen as a safe haven asset amid global tensions.