$BTC BTC holds above $91K as traders look to seasonal strength and rising expectations of a Fed rate cut.
Bitcoin (
$BTC ) has climbed back above $91,000, recovering from the sharp pullback seen earlier this month. The rebound appears driven by two forces: improving macro sentiment and historically favorable late-November seasonality.
Market analysts note that traders are increasingly pricing in the likelihood of a Federal Reserve rate cut, a scenario that typically boosts liquidity and risk appetite. This shift has helped BTC stabilize after forming a support zone near recent lows, reducing sell pressure across major exchanges.
Seasonality is also playing a role. Historical data shows that Bitcoin often enters a period of stronger performance in the final days of November, with several past cycles showing short-term rallies following post-Thanksgiving consolidation.
Still, BTC remains below its all-time highs, and long-term momentum indicators are not yet fully aligned with a sustained breakout. Traders are now watching the $92K–$93K range as the next major resistance zone. A decisive move above this area could open the door toward a broader recovery — while failure to clear it may keep the market in consolidation.
Source: CoinDesk, MarketWatch, CryptoNews.
Key Takeaways
BTC holds above $91K on improving macro sentiment.Late-November seasonality historically supports upward momentum. $92K–$93K remains the key resistance zone to watch.
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Disclaimer
This article is for informational purposes only and does not constitute financial advice.