Bitcoin (BTC) is back in the neighborhood of the $75,000–$80,000 support zone. The rebound from the October-November selloff has been strong, and traders are now riding a wave of optimism, betting on a classic V-shaped recovery to pick up steam.
Many market participants are currently keeping their fingers crossed for a December rally and speculating that prices may hit the $95,000–$100,000 range amid the Federal Reserve’s (Fed) interest rate pivot. After heavy outflows from Bitcoin exchange-traded funds (ETFs) in November, signs of institutional players cautiously returning have begun to surface—a shift that could put a floor under quotes.
Technical indicators are sending mixed signals, but short-term moving averages and a few oscillators are flashing a tentative green light for buyers.
Looking at the BTC chart, an unclosed gap is still looming between $92,000 and $100,000. The market will likely tie up this loose end within the next month.
According to the CME’s open interest profile, a large concentration of put options is parked at $95,000. This points to investors bracing for a potential pullback and hedging their exposure. Even if those bearish bets don't pay off, $95,000 may act as a psychological barrier and reversal zone. A clean breakout above it, however, would clear the path to $100,000 and open the door to further gains.
The ultimate recommendation is to buy Bitcoin from $82,000. Lock in profits at $100,000. Place Stop Loss at $73,000.
Calculate your open position so that a potential loss (protected by a Stop Loss order) is limited to 1% of your deposit. If your account balance does not allow entering a position of this size, it is better to skip the trade and wait for other market signals that meet low-risk criteria.
This content is for informational purposes only and is not intended to be investing advice.
