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Bitcoin Price Analysis: Why BTC Could Rally to $100k Soon

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Highlights:

  • Bitcoin is having a relatively quiet day with little change in price
  • Analysts agree that the next significant price action could send Bitcoin to $100k 
  • Upcoming FOMC and new UK law on property could boost Bitcoin

Bitcoin (BTC) is little changed today, reflecting relative quiet across the financial markets. Even major stock indices like the NASDAQ and the S&P 500 are showing little to no action intraday. At the time of writing, Bitcoin was trading at $92,951.36, up by a negligible 0.08% in the day. A slide in Bitcoin trading volumes has also followed the lack of significant price action. 

At the time of writing, Bitcoin trading volumes stood at $70.45 billion, down by 17.96% in the day. This decline in trading volumes when the price is barely moving could be a positive signal for Bitcoin. It means that despite the lack of action, the average Bitcoin holder is not keen on selling. As such, this could keep the price above $92k until there is a significant catalyst that induces volatility. Already, one such trigger, a possible rate cut in the US, is coming soon. 

Bitcoin Relatively Quiet Ahead of Next Week’s FOMC

The primary reason why Bitcoin and other major financial markets are quiet is because of the upcoming FOMC. The FOMC meeting is set to take place on December 9 and 10, and a rate decision is expected to be announced at 14:00 ET. So far, analysts are in consensus that the Federal Reserve will cut interest rates by up to 50 basis points.

If this happens, Bitcoin could experience a new upswing that could send it to a new all-time high. That’s because the rate cut would be coming just days after the Federal Reserve officially ended QT. The confluence of a rate cut and the end of QT could trigger a liquidity flow into Bitcoin in proportions last seen before the 2021 correction. Some analysts believe such a rally could send Bitcoin to prices as high as $200k before the end of the year.

New UK Law On Cryptocurrencies Boosts Bitcoin Long Term

Bitcoin also likely has an upside bias because regulations are increasingly getting better globally. The United Kingdom is the latest to make moves that are favourable for Bitcoin adoption. Under the new Property Act of 2025, Bitcoin and other cryptocurrencies are now considered personal property. This is a big deal as it ends years of uncertainty around cryptocurrencies in the UK.

The result is that both individuals and institutions could start feeling more comfortable stacking Bitcoin. Given Bitcoin’s scarcity factor, this law could see Bitcoin rally to new highs in the short term.

Analysts Predict Bitcoin Rally to New All-Time Highs

Analysts are also in consensus that the bottom is in for Bitcoin. Since dropping to $82k, Bitcoin has been pushing higher despite brief bear attempts to reverse the price. Currently, Bitcoin is trading at $92k, and analysts believe $90k is now solid support for Bitcoin. With macro factors like possible rate cuts pushing bullish sentiment, the $90k support could hold.

ETF inflows are also starting to rebound, further pointing to the growing confidence in Bitcoin in the short to medium term. As analysts push the narrative that the bottom is in, Bitcoin could experience a rally that pushes it to $100k ahead of the FOMC.

Technical Analysis – Bitcoin Trading at Critical Resistance Level

Bitcoin is currently oscillating around the $93,101 resistance level. If bulls gain momentum and decisively push through this resistance, a BTC rally to $100k could follow.

BTC
Source: TradingView

On the other hand, if bears regain control and the attempt at $93,101 resistance fails, then a correction to the $90,445 support could follow. Of these two scenarios, the odds are higher for a rally to $100k. That’s because there are strong bullish catalysts in the market. These include the end of QT, possible rate cuts next week, and analysts pointing to a potential bottoming out of Bitcoin.

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