Bitcoin rebounds near-term bullish bias remains intact

Cryptocurrency

Summary:

Bitcoin is trading around $92,400–$92,500, having rebounded from recent dips below $85,000. With renewed institutional optimism (e.g. long-term bullish forecasts) and improving technical structure...

BUY BTC-USDT

EXP

PENDING

92500.0

Entry Price

96000.0

89500.0

90550.0 -2418.9 -2.60%

Pips

PENDING

89500.0

Exit Price

92500.0

Entry Price

96000.0

Overview

Bitcoin recently took a heavy hit, falling as low as the mid-$80,000 range amid a broad crypto sell-off and macroeconomic uncertainty. But during the last 48–72 hours, BTC has recovered sharply reclaiming the $90,000 region, and now stabilizing in the low $90Ks. The rebound seems supported by renewed investment flows, possibly including institutional interest, and by broader dollar weakness and softer bond yields which tend to lift risk assets like crypto. At the same time, recent commentary from major financial institutions projecting long-term price potential for Bitcoin provides a macro narrative that may lure longer-term buyers.

Market sentiment

Investor sentiment in crypto appears cautiously optimistic. After the sharp drawdown, many market participants seem to view the recent dip as a wash-out, possibly offering a buying opportunity rather than the start of a deeper crash. Some large-scale forecasts suggest substantial upside over the next 6–12 months if certain macro and sector conditions hold.

The rebound from $84,000+ to ~$92,500 in short order has returned BTC to modest positive territory for the year, which may revive confidence among both retail and institutional holders.

Technical view

Bitcoin rebounds near-term bullish bias remains intact_1

On recent price action, Bitcoin’s rebound off the lows suggests liquidity-seeking behavior and a potential short-term bottom formation. The bounce back above $90,000 and stabilizing near $92,400 suggests demand is returning. If we were to chart BTC on a shorter timeframe like M15 or H1, one might expect a recovery wave with momentum backing further upside especially if price breaks above recent intraday resistance around $93,000–$94,000. Given volatility, this could lead to a test of $95,000–$96,000 in the near term. The wider macro-fundamental backdrop (lower yields, risk-on sentiment) supports such a move.

Trade idea

Entry: $92,500–$92,600 BUY BTC/USD

Take Profit (near-term): $96,000–$97,000

Stop Loss: $89,500–$90,000

Risk Warnings and Disclaimers

You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.

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Manuel

Forex

Economic

Summary:

Adding pressure for a pullback, the Relative Strength Index (RSI) has reached the 70 level, indicating overbought conditions.

SELL EURUSD

EXP

TRADING

1.16700

Entry Price

1.15220

1.17100

1.16517 +0.00072 +0.06%

0.0

Pips

Flat

1.15220

Exit Price

1.16700

Entry Price

1.17100

Recent U.S. economic data revealed that the number of Americans filing for unemployment benefits fell below economists' estimates for the week ending November 29th. Initial jobless claims came in at 191,000, comfortably lower than the 220,000 forecast and representing a decrease from last week’s figures, which were revised slightly higher from 216,000 to 218,000.

Meanwhile, continuing claims for the week ending November 22nd were recorded at 1.939 million, a slight drop from the prior week’s 1.943 million. Separately, the Challenger Job Report disclosed that employers announced 71,321 job cuts in November. While this marked a 24% increase compared to the figures from the previous year, it was a notable 53% decrease from the elevated number announced in October.

Despite the recent improvement in initial claims, market participants still price in more than an 85% probability of a rate cut at the Federal Reserve’s December 9-10 meeting, a sentiment largely sustained by Wednesday’s disappointing ADP employment change data.

Trilateral negotiations between the U.S., Russia, and Ukraine aimed at achieving peace continue without clear progress. Russian President Vladimir Putin commented that his meeting with U.S. envoy Steve Witkoff was "very useful." In recent hours, however, Russian attacks have resulted in five fatalities in the Donetsk and Kherson regions. Several Ukrainian representatives are scheduled to meet with Steve Witkoff and Jared Kushner in Washington this Thursday.

In the Eurozone, data released by Eurostat revealed that Retail Sales stagnated in October, following an upwardly revised 0.1% increase in September, and missed the market expectation for further 0.1% growth. On a year-over-year basis, however, sales increased at a rate of 1.5%, surpassing the 1.4% forecast and exceeding the 1.0% reading from September.

The Euro has recently received support from strong final figures in the HCOB Eurozone Services Purchasing Managers' Index (PMI) released on Wednesday. Furthermore, ECB President Christine Lagarde delivered positive commentary regarding the Eurozone economy, assessing that resilient household spending and a strong labor market are supporting the region's economy, and that core inflation remains consistent. These comments suggest the ECB is likely to maintain stable interest rates following its December 18th meeting. Oversold RSI Open Selling Opportunities at Resistance_1

Oversold RSI Open Selling Opportunities at Resistance_1

Technical Analysis

The EUR/USD pair is currently exhibiting a bearish reaction after reaching the 1.1670 resistance zone, a level that previously triggered a sharp move to the downside on October 28th. If these conditions persist, and we observe a strong rejection once more, a downward move could ensue, targeting the ascending trendline support located near 1.1522. This zone is critical, as the sustained lack of new lower lows is essential for maintaining the longer-term bullish trend.

Adding pressure for a pullback, the Relative Strength Index (RSI) has reached the 70 level, indicating overbought conditions. This will alert bears to potential shorting opportunities from the current resistance. The 100-period and 200-period Moving Averages (MAs) are closely clustered at 1.1588 and 1.1583, respectively. A decisive close below these MAs would likely act as a magnet, accelerating the price action toward the downside. Conversely, an upward break above the 1.1670 resistance level would invalidate the bearish setup, potentially opening the path for a more pronounced rally.

Trading Recommendations

Trading direction: Sell

Entry price: 1.1670

Target price: 1.1522

Stop loss: 1.1710

Validity: Dec 16, 2025 15:00:00

Risk Warnings and Disclaimers

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Gerik

Forex

Summary:

GBP/USD is trading around 1.3350–1.3345, supported by a broad dollar weakening trend and strength in GBP from positive UK data. The pair is showing bullish structure on higher timeframes and early signs of bullish momentum...

BUY GBPUSD

EXP

TRADING

1.33486

Entry Price

1.33850

1.33150

1.33511 +0.00240 +0.18%

0.0

Pips

Flat

1.33150

Exit Price

1.33486

Entry Price

1.33850