Key Insights:
- A latest Bitcoin price prediction reveals a potential bounce to $93K after the cryptocurrency sank to $80.6K last Friday.
- Expert crypto investor and analyst Rekt Capital said Bitcoin is now hovering at a crucial point after sweeping liquidity from its early-March and late-April 2025 demand zone.
- Risk-Off Signal, which has dropped sharply, and said this tells them that selling pressure has eased, and the worst part of the capitulation is likely behind the market for now.
Amid a bullish Bitcoin price prediction, BTC price is climbing again after hitting just above $80,600 last Friday. The move has lifted confidence across the market, especially after two rough weeks for both tech stocks and crypto.
Expert crypto investor and analyst Rekt Capital said that the price of Bitcoin is now hovering at a crucial point after sweeping liquidity from its early-March and late-April 2025 demand zone.
Meanwhile, Charles Edwards of Capriole Fund pointed out that the recent sell-off came from traders constantly shifting their expectations for a rate cut. He noted that now that the market is settling, the bounce could push Bitcoin higher.
Swissblock analysts added that the cryptocurrency’s latest move looks like its first real step toward forming a bottom. With the price of Bitcoin near $86,774, they said the market finally shows early signs of stability.
Bitcoin Price Prediction: BTC Approaches Crucial Weekly Close
The price of Bitcoin bounced off the demand zone it touched in March and April, pushing the price back above $86,000.
Rekt Capital said this level is crucial because a weekly close here could send prices toward its Bitcoin price prediction of $93,000, a stretch on the chart with almost no resistance.
He added that if Bitcoin (BTC) price stalls at $93,000, the market could settle into a weekly range between the two levels.
Michaël van de Poppe also called the coming week decisive, saying that if BTC can climb back into the $90,000–$96,000 area and hold it, the chances of a push toward a new all-time high improve sharply.
Risk-off Indicator Shows Selling Pressure Is Reducing
Analysts at Swissblock say Bitcoin price is showing its first real signs of forming a bottom. They pointed to their Risk-Off Signal, which has dropped sharply.
Considering that, it appears that the selling pressure has eased, and the worst part of the capitulation is likely behind the market for now.
They noted that this week is important because the market needs to show that selling continues to fade. Bottoms rarely form in one clean move, and they explained that a second selling wave often appears after the first drop.
According to Swissblock, that second wave is usually weaker. If BTC price sustains above the previous lows during that wave, that will translate to sellers running out of steam.
As such, the price of Bitcoin could swing back upwards in favor of buyers, hence favoring an optimistic Bitcoin price prediction.
At the same time, the market is optimistic that the Federal Reserve will cut interest rates in December with the odds rising from 30% to 70% on prediction markets.
According to CME’s FedWatch Tool, the market now sees about a 69% chance of a 0.25% cut at the Fed’s December 10 meeting.
A chart shared by the X account “Global Markets Investor” highlighted the shift, showing how traders quickly moved from skepticism to renewed confidence in a December rate cut.