In the last couple of days, the crypto space has been just going through the motions. SpaceX moved 1,083 Bitcoin (BTC), roughly $100 million, to new wallets. At the time, Bitcoin BTC $89,050.73 0.29% Bitcoin BTC Price $89,050.73 0.29% /24h Volume in 24h $18.76B Price 7d had dropped to $88k, from which it has only slightly recovered, trading at today. Market Cap 24h 7d 30d 1y All Time For now, it looks like SpaceX has just shuffled its BTC around for custody reasons and does not plan to sell them. SpaceX(@SpaceX) transferred out another 1,083 #BTC($99.81M) ~30 mins ago, possibly to Coinbase Prime for custody.https://t.co/zW62EKM2RD pic.twitter.com/MxgPpAFz8v — Lookonchain (@lookonchain) December 5, 2025 However, BTC did fall around the time, just before the PCE inflation data and the big options expiry. As of right now, BTC is trading 0.15% on the 24-hour charts and is down by 2% on the weekly chart. Looking at the daily chart, it looks like BTC is finally breaking out of the long red downtrend channel, hinting that the worst of the sell-off might be over. As of right now, BTC is consolidating just below $90,000, the support turned resistance zone. (Source: TradingView) Till the bulls can help its price action convincingly close above the $90,000 level, sellers will still be in the play to apply some short-term pressure. If BTC manages to breach $90,000, the next level to breach sits at $94,600.Clearing that would confirm BTC’s bullish momentum and open the door to higher targets. Bitcoin’s fair value is at $150,000 now. The gap between price and Global Liquidity is massive. pic.twitter.com/RWrAJanvHu — Rekt Fencer (@rektfencer) December 2, 2025 From there on, upside zones around $108,000 and even $116,000, line up with past liquidity pockets. EXPLORE: Next 1000X Crypto – Here’s 10+ Crypto Tokens That Can Hit 1000x This Year Crypto Update: Markets Brace For An Almost Certain Fed Rate Cut The FOMC (Federal Open Market Committee) meeting on December 9-10 is looming in close, and traders are almost fully convinced that the Fed (Federal Reserve) will keep things dovish. On Polymarket, as of now, the odds of a 25 basis point rate cut are sitting at 92%, flipping market sentiments when it comes to BTC. Earlier talks of a breakdown are now replaced by the hopes of the crypto gold staging a comeback. Traders are expecting the Fed Chair, Jerome Powell, to push through another quarter-point cut this week. At the same time, not all Fed officials are happy about their current predicament. The Fed has made back-to-back cuts, with the last one in October after weak summer job data, sparking resistance from hawkish members, with five voting officials openly signalling that they will not be backing any more rate cuts in December. However, the momentum shifted on 21 November when New York Fed President John Williams said conditions justified a reduction in the “near term.” Since then, markets have leaned hard into the idea of another cut. Meanwhile, Bitcoin liveliness, a metric that has coincided with BTC bull phases, is climbing again. Liveliness has been range bound since the 2017 peak, up until now. The 2017 Bull was special in that it was the first epic parabola with widespread participation, but was also when many old coins transacted to capture the BCH dividend. New Liveliness ATHs shows how extreme the… https://t.co/aoVFr2jOsR — _Checkmate (@_Checkmatey_) December 6, 2025 Analyst Michaël van de Poppe is leaning bullish, though he expects some turbulence first. He’s calling for pre‑FOMC selling pressure today and Monday, with prices possibly dipping to $87,000 to sweep liquidity before setting up for a stronger rally. This would be my bullish scenario. Pre-FOMC and on Monday, correction to sweep the lows. Perhaps hitting $87K. After that, bounce back up, swiftly, in which the uptrend is confirmed for #Bitcoin and it's ready to break $92K and therefore the run towards $100K in the coming 1-2… pic.twitter.com/lQezKkQM5W — Michaël van de Poppe (@CryptoMichNL) December 7, 2025 EXPLORE: The 12+ Hottest Crypto Presales to Buy Right Now There are no live updates available yet. Please check back soon! The post [LIVE]Crypto Today: Bitcoin Consolidates Below $90k, Fed Rate Cut Probability Might Spark Pump appeared first on 99Bitcoins.In the last couple of days, the crypto space has been just going through the motions. SpaceX moved 1,083 Bitcoin (BTC), roughly $100 million, to new wallets. At the time, Bitcoin BTC $89,050.73 0.29% Bitcoin BTC Price $89,050.73 0.29% /24h Volume in 24h $18.76B Price 7d had dropped to $88k, from which it has only slightly recovered, trading at today. Market Cap 24h 7d 30d 1y All Time For now, it looks like SpaceX has just shuffled its BTC around for custody reasons and does not plan to sell them. SpaceX(@SpaceX) transferred out another 1,083 #BTC($99.81M) ~30 mins ago, possibly to Coinbase Prime for custody.https://t.co/zW62EKM2RD pic.twitter.com/MxgPpAFz8v — Lookonchain (@lookonchain) December 5, 2025 However, BTC did fall around the time, just before the PCE inflation data and the big options expiry. As of right now, BTC is trading 0.15% on the 24-hour charts and is down by 2% on the weekly chart. Looking at the daily chart, it looks like BTC is finally breaking out of the long red downtrend channel, hinting that the worst of the sell-off might be over. As of right now, BTC is consolidating just below $90,000, the support turned resistance zone. (Source: TradingView) Till the bulls can help its price action convincingly close above the $90,000 level, sellers will still be in the play to apply some short-term pressure. If BTC manages to breach $90,000, the next level to breach sits at $94,600.Clearing that would confirm BTC’s bullish momentum and open the door to higher targets. Bitcoin’s fair value is at $150,000 now. The gap between price and Global Liquidity is massive. pic.twitter.com/RWrAJanvHu — Rekt Fencer (@rektfencer) December 2, 2025 From there on, upside zones around $108,000 and even $116,000, line up with past liquidity pockets. EXPLORE: Next 1000X Crypto – Here’s 10+ Crypto Tokens That Can Hit 1000x This Year Crypto Update: Markets Brace For An Almost Certain Fed Rate Cut The FOMC (Federal Open Market Committee) meeting on December 9-10 is looming in close, and traders are almost fully convinced that the Fed (Federal Reserve) will keep things dovish. On Polymarket, as of now, the odds of a 25 basis point rate cut are sitting at 92%, flipping market sentiments when it comes to BTC. Earlier talks of a breakdown are now replaced by the hopes of the crypto gold staging a comeback. Traders are expecting the Fed Chair, Jerome Powell, to push through another quarter-point cut this week. At the same time, not all Fed officials are happy about their current predicament. The Fed has made back-to-back cuts, with the last one in October after weak summer job data, sparking resistance from hawkish members, with five voting officials openly signalling that they will not be backing any more rate cuts in December. However, the momentum shifted on 21 November when New York Fed President John Williams said conditions justified a reduction in the “near term.” Since then, markets have leaned hard into the idea of another cut. Meanwhile, Bitcoin liveliness, a metric that has coincided with BTC bull phases, is climbing again. Liveliness has been range bound since the 2017 peak, up until now. The 2017 Bull was special in that it was the first epic parabola with widespread participation, but was also when many old coins transacted to capture the BCH dividend. New Liveliness ATHs shows how extreme the… https://t.co/aoVFr2jOsR — _Checkmate (@_Checkmatey_) December 6, 2025 Analyst Michaël van de Poppe is leaning bullish, though he expects some turbulence first. He’s calling for pre‑FOMC selling pressure today and Monday, with prices possibly dipping to $87,000 to sweep liquidity before setting up for a stronger rally. This would be my bullish scenario. Pre-FOMC and on Monday, correction to sweep the lows. Perhaps hitting $87K. After that, bounce back up, swiftly, in which the uptrend is confirmed for #Bitcoin and it's ready to break $92K and therefore the run towards $100K in the coming 1-2… pic.twitter.com/lQezKkQM5W — Michaël van de Poppe (@CryptoMichNL) December 7, 2025 EXPLORE: The 12+ Hottest Crypto Presales to Buy Right Now There are no live updates available yet. Please check back soon! The post [LIVE]Crypto Today: Bitcoin Consolidates Below $90k, Fed Rate Cut Probability Might Spark Pump appeared first on 99Bitcoins.
[LIVE]Crypto Today: Bitcoin Consolidates Below $90k, Fed Rate Cut Probability Might Spark Pump
In the last couple of days, the crypto space has been just going through the motions. SpaceX moved 1,083 Bitcoin (BTC), roughly $100 million, to new wallets. At the time, 
Bitcoin 0.29% Bitcoin BTC Price $89,050.73 0.29% /24h Volume in 24h $18.76B Price 7d had dropped to $88k, from which it has only slightly recovered, trading at today.
Market Cap
24h 7d 30d 1y All Time
For now, it looks like SpaceX has just shuffled its BTC around for custody reasons and does not plan to sell them.
However, BTC did fall around the time, just before the PCE inflation data and the big options expiry. As of right now, BTC is trading 0.15% on the 24-hour charts and is down by 2% on the weekly chart.
Looking at the daily chart, it looks like BTC is finally breaking out of the long red downtrend channel, hinting that the worst of the sell-off might be over. As of right now, BTC is consolidating just below $90,000, the support turned resistance zone.
(Source: TradingView)
Till the bulls can help its price action convincingly close above the $90,000 level, sellers will still be in the play to apply some short-term pressure. If BTC manages to breach $90,000, the next level to breach sits at $94,600.Clearing that would confirm BTC’s bullish momentum and open the door to higher targets.
From there on, upside zones around $108,000 and even $116,000, line up with past liquidity pockets.
EXPLORE: Next 1000X Crypto – Here’s 10+ Crypto Tokens That Can Hit 1000x This Year
Crypto Update: Markets Brace For An Almost Certain Fed Rate Cut
The FOMC (Federal Open Market Committee) meeting on December 9-10 is looming in close, and traders are almost fully convinced that the Fed (Federal Reserve) will keep things dovish.
On Polymarket, as of now, the odds of a 25 basis point rate cut are sitting at 92%, flipping market sentiments when it comes to BTC. Earlier talks of a breakdown are now replaced by the hopes of the crypto gold staging a comeback.
Traders are expecting the Fed Chair, Jerome Powell, to push through another quarter-point cut this week. At the same time, not all Fed officials are happy about their current predicament.
The Fed has made back-to-back cuts, with the last one in October after weak summer job data, sparking resistance from hawkish members, with five voting officials openly signalling that they will not be backing any more rate cuts in December.
However, the momentum shifted on 21 November when New York Fed President John Williams said conditions justified a reduction in the “near term.” Since then, markets have leaned hard into the idea of another cut.
Meanwhile, Bitcoin liveliness, a metric that has coincided with BTC bull phases, is climbing again.
Analyst Michaël van de Poppe is leaning bullish, though he expects some turbulence first. He’s calling for pre‑FOMC selling pressure today and Monday, with prices possibly dipping to $87,000 to sweep liquidity before setting up for a stronger rally.
EXPLORE: The 12+ Hottest Crypto Presales to Buy Right Now
There are no live updates available yet. Please check back soon!
The post [LIVE]Crypto Today: Bitcoin Consolidates Below $90k, Fed Rate Cut Probability Might Spark Pump appeared first on 99Bitcoins.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
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