Bitcoin Price Prediction Today: Will BTC Rise Above $94k Amid the Looming Fears of Profit-Taking?

Guides 2025-12-08 15:28

Bitcoin Price Prediction Today: Will BTC Rise Above k Amid the Looming Fears of Profit-Taking?

Key Takeaways

  • Bitcoin is trading at around $91,470.16.
  • The price has edged up by 1.47% in the past 24 hours.
  • The Fear & Greed Index reading of 20 (Extreme Fear) suggests that the investors are extremely cautious.
  • The price of BTC is projected to remain within a range of $90k to $94k today. 
  • If the BTC fails to hold support at 90k, a dip is likely. 
  • Nevertheless, if the BTC breaks above $93k to $94k zone, it may retest $97k. 
  • Besides, if the Fed eases the monetary policy, the BTC may regain strength and retest $100k in the upcoming days, but the fears of profit-taking post-Fed decision remain. 

Bitcoin’s Current Market Scenario: How is Bitcoin Faring Now?

Bitcoin is trading at around $91,470.16; the price has edged up by 1.47% in the past 24 hours. The market cap reached $1.81 trillion.

Bitcoin Price Prediction Today: Will BTC Rise Above k Amid the Looming Fears of Profit-Taking?

Source – TradingView

The 24-hour trading volume surged by 46% to reach $52.1 billion. The Fear & Greed Index reading of 20 (Extreme Fear) suggests that the investors are extremely cautious. The market sentiment remains bearish, and volatility persists at elevated levels. The following are the key market indicators and their value. 

  • Fear & Greed Index: 20 (Extreme Fear)
  • Market Sentiment: Bearish
  • Supply Inflation: 0.85% (Low)
  • Dominance:  58.73%.
  • Volatility: 6.46% (High)

Bitcoin Price Prediction Today

The price of BTC is projected to remain within a range of $90k to $94k today. If the BTC fails to hold support at 90k, a dip is likely. Nevertheless, if the BTC breaks above $93k to $94k zone, it may retest $97k. 

Bitcoin Price Prediction Tomorrow, & This Week

As for the upcoming weeks, the price of bitcoin is forecasted to fluctuate between $92k to $97k zone. Moreover, the debut performance of Twenty One Capital is likely to have an impact on the market. Besides, if the Fed eases the monetary policy, BTC may regain strength and retest $100k, but the profit-taking post the event fears remain. 

DateDay of weekDaily LowDaily HighAverage
09/12Tuesday$93,231.65$93,602.93$93,417.29
10/12Wednesday$95,445.28$98,037.49$96,741.39
11/12Thursday$95,344.05$97,967.49$96,655.77
12/12Friday$92,511.05$96,579.85$94,545.45
13/12Saturday$93,363.06$94,177.46$93,770.26
14/12Sunday$92,174.33$95,647.49$93,910.91
15/12Monday$94,414.35$95,571.19$94,992.77

Market Outlook: Technicals, Institutional Activity & Macro Trends

The technical indicators, market metrics, institutional activity, and macro factors are key factors affecting the price movements of Bitcoin. The following section discusses each of these factors in detail. 

Technical & Market Indicators Suggest a Mild Bullish Momentum Building 

The BTC is trading above the 10-day EMA and Simple Moving Average (SMA). However, price remains below the 50-day and 100-day averages.  The MACD is showing a bullish crossover. The 14-day RSI reading of 46 suggests a neutral position. Even so, BTC broke above $91k zone. If Bitcoin overcomes $93k level, retesting $97k is likely. But if BTC fails to hold the current level, $82,330k is the support level available. The open interest rate inched up by 0.24% in the past 24 hours. There is only a marginal increase in leverage, suggesting a mild bullish signal is building. With light leverage, the risk of a short-term squeeze is unlikely. 

Institutional Activity: The Institutional Conviction and ETF Flows Send Bullish Signals

The Jack Maller-led Twenty One Capital is transferring 43,500 bitcoin as a part of the company’s debut on the New York Stock Exchange under the ticker symbol XXI tomorrow, December 9. The Twenty One Capital co-founder and CEO, Jack Maller, shared the transfer on X (formerly Twitter).

The firm is backed by major players in the crypto landscape, including Tether (via stablecoin issuer), Bitfinex, and SoftBank Group. Moreover, Strategy has created a $1.44 billion cash reserve intended to act as a liquidity buffer to avoid selling BTC in times of market slump. These developments underscore the institutional conviction in bitcoin despite the recent pullbacks. The institutional conviction is anticipated to have a bullish impact on the market. 

The BTC spot Exchange Traded Fund (ETF) has recorded a net inflow of $54.79 million on December 5. The moderate gains indicate the institutional investor interest remains intact. 

Macroeconomic Factors: The Fed Rate Cuts Remain the Most Crucial Factor

The upcoming Fed meeting on December 10 remains the most important macroeconomic factor. With just 2 days left for the Fed meeting, the traders are now pricing in an 87.6% probability for rate cuts according to the latest CME FedWatch data. A rate cut, if materialized, will benefit the high-risk asset classes, such as crypto. Despite the positive outlook, the market participants are also wary of the profit-taking. 

The Bottom Line: What’s Ahead for BTC?

Bitcoin is in green today, supported by technical signals, anticipations about Fed rate cuts, and institutional conviction. BTC retesting a $100k zone is likely if the Fed favours monetary easing. A rally in the upcoming days can not be ruled out even though profit-taking fears remain. 

Disclaimer: These crypto price forecasts are based on predictive modeling and should not be considered financial advice.

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This content is for informational purposes only and does not constitute investment advice.

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