Technical Analysis

Following the Federal Reserve's rate cut, Bitcoin is holding in a consolidation phase as momentum weakens and derivatives flows remain balanced. Internal indicators point to a neutral regime, with participants favoring cautious positioning over aggressive bets. A trend continuation would require simultaneous bullish confirmation in adaptive momentum and the futures flow index.

At press time, Bitcoin traded around $91,400 after rebounding from $84,000 to nearly $93,000. According to CryptoQuant, total exchange volume fell from 88,000 BTC to about 21,000 BTC, average deposits slid from 1.1 BTC to 0.7 BTC, and whale deposit share dropped from 47% to 21%, setting up a potential test of $98,700 and even $102,000–$112,700.

Dogecoin has moved into a weaker phase after dropping under the $0.1420 area against the US Dollar and is currently trading below its 100-hour simple moving average. The price is facing notable resistance near $0.1425 and a bearish trend line around $0.1440, while failure to break higher could open the way for a retest of supports around $0.1380 and $0.1360.

Since December 1, Glassnode reports that entities holding 10,000–100,000 BTC offloaded or redistributed 36,500 BTC, roughly $3.4 billion, as Bitcoin struggled under $94,000. BTC traded around $92,250 (-0.2%) during the early Asian session Friday, while FX Leaders cited a 50% drop in stablecoin inflows since August, indicating thinner market liquidity.

XRP attempted a recovery above $2.150 but reversed, sliding under $2.080 and $2.050 before marking a $1.993 low. The hourly chart shows price below the 100-hour SMA with trendline resistance near $2.040; key levels to monitor include $2.080 on the upside and $2.00 to $1.9880 on the downside.

Ethereum is trading above $3,200 and the 100-hourly Simple Moving Average after rebounding from support around $3,150. The price faces multiple resistance levels near $3,320, $3,350 and $3,400, with a move above $3,350 potentially opening the way toward $3,450–$3,500 or, if rejected, a decline back toward $3,040–$3,000.

Bitcoin slipped back under $91,000 after the Federal Reserve cut interest rates by 25 basis points, sparking short-term volatility across risk assets. On-chain metrics from Binance show Exchange Inflow Coin Days Destroyed dropping to 380, the lowest level since September 2017, signaling that long-term holders are largely avoiding deposits to exchanges. With BTC trading around $89,600 and price trapped between the 200-day and 100-day moving averages, the market sits in a fragile consolidation while whales appear reluctant to sell.

According to NewsBTC, Bitcoin maintained support at $90,000 and is trading above $92,000 and the 100 hourly Simple moving average. Immediate resistance stands at $93,000, with $93,500 and $94,000 as key levels; a close above $94,000 may aim for $94,750 and $95,000, while supports sit at $92,000, $91,200, and $90,000.

On Wednesday, volatility tied to a widely expected Federal Reserve rate‑cut announcement drove a 4.6% intraday drop in Dogecoin, and on Thursday it retraced to $0.136–$0.138 after trading for weeks in a $0.130–$0.155 range. Analysts say a successful retest of a multi‑year ascending support could set up a move toward $1 and even a 610% advance by early 2026.

On Friday, Bitcoin and Ethereum moved within a tight band as derivatives metrics pointed to rising leverage. According to CoinGecko, BTC hovered near $93,000 (+0.4%) with spot volume above $52Bn, while ETH traded around $3,250 after roughly a 3% rise; DeFiLlama and CoinGlass showed increasing perpetual activity and Binance futures open interest near $10.80Bn.