Bitcoin has risen from below $90,000 to above $94,000 over the last few days. In a TradingView analysis, crypto analyst Xanrox says the move resembles a bear flag on the 12-hour and 1-day charts. He sees scope for an extension to $96,000 before a reversal, with a potential drop of over 25% toward the April 2024 swing low at $74,000.

Bitcoin has rebounded from its October peak and subsequent pullback to around $80K, rising steadily for 14 days and moving close to its 52‑week high as the 200/20DMA slope turns positive. Polymarket is pricing a 96% probability of a 25 b.p. December rate cut to 3.50–3.75%, a backdrop that can support risk assets such as Bitcoin.

Bitcoin rallied to $94,600 on Tuesday—its highest level in three weeks—as retail sentiment surged across social platforms. Analysts remain divided on December’s trajectory, with some pointing to fading volatility and weak ETF inflows, while others argue the market has reset speculative excess and may be primed for a seasonal rebound.

On December 5, 2025, SpaceX moved 1,083 BTC worth about $99.8 million into two newly created wallets, according to on-chain data from Arkham Intelligence attributing the activity to the company. The firm was also linked to a separate 1,163 BTC transfer. Analysts viewed the December move and an earlier 1,083 BTC transaction in late November 2025 as ongoing treasury management rather than immediate selling. Bitcoin traded around $92,744.79 with a $1.85 trillion market cap and 24-hour volume of $65.14 billion as markets watched the large wallet shifts.

Standard Chartered has sharply lowered its multi-year Bitcoin price projections, cutting its 2026 target from $300,000 to $150,000 and reducing expectations across the decade. The bank argues that ETF-driven demand now overrides the historical halving cycle as Bitcoin’s primary price driver and does not expect a new all-time high until early 2026.

On December 9 and December 10, 2025, Tidal Trust II filed with the U.S. SEC to launch the Nicholas Bitcoin and Treasuries AfterDark ETF, which is designed to gain Bitcoin exposure only during overnight hours when U.S. markets are closed. The strategy calls for holding short-term U.S. Treasuries during the day and using spot Bitcoin ETFs, futures, and options to obtain indirect BTC exposure, while the filing cautions investors that they could lose part or all of their capital. ETF analyst Eric Balchunas noted that historical data suggest Bitcoin’s performance has often been stronger after hours, and pointed to recent inflows into U.S. spot Bitcoin ETFs as evidence of ongoing institutional demand.

Andrew Tate questions the Bitcoin mega-purchase, explains OTC effects, and shows traders why large deals often remain invisible.

Bitcoin held near $90,000 on Tuesday as traders stepped back ahead of the Federal Reserve’s final policy decision of the year. Liquidity has thinned across major venues, ETF flows show selective rotation rather than broad de-risking, and analysts say Powell’s tone—rather than the expected rate cut itself—will determine BTC’s next major move.