Bitcoin Updates Today: Bitcoin Shows Technical Stability as Hopes Rise for Fed Rate Cuts, Indicating Possible Rebound

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Bitcoin Updates Today: Bitcoin Shows Technical Stability as Hopes Rise for Fed Rate Cuts, Indicating Possible Rebound

Bitget-RWA2025/11/24 06:52

By:Bitget-RWA

- Bitcoin rebounds from 2-month low as analysts cite easing selling pressure and improving technical indicators signaling potential recovery. - Key support levels and oversold RSI (21) suggest short-term stabilization, though bearish MACD and weak Ethereum/XRP EMAs highlight ongoing risks. - Fed rate cut odds (69.3% for December) and ETF outflow stabilization indicate improved macro conditions, but geopolitical tensions persist. - MSCI's 2026 crypto index exclusion proposal and potential second-wave sellin

Bitcoin’s recent bounce from its lowest point in two months has fueled renewed optimism among market watchers, who believe that reduced selling activity and improving technical signals could mean the cryptocurrency’s downturn is approaching a reversal. After dropping to $80,600 on

Coinbase

on Nov. 21—the lowest since mid-April—the digital asset has managed a slight recovery. Some specialists expect additional upside if downward momentum continues to fade

according to analysts

Bitcoin Updates Today: Bitcoin Shows Technical Stability as Hopes Rise for Fed Rate Cuts, Indicating Possible Rebound image 0

Technical analysis points to important signs of stabilization. Bitcoin’s price is now testing major support areas, such as the 50-day exponential moving average (EMA) at $104,191, while

the RSI has fallen into oversold levels

at 21, which could signal a short-term bounce. The Moving Average Convergence Divergence (MACD) indicator remains negative, but

analysts observe that a shrinking negative histogram

and an RSI move back above 30 may point to improving market sentiment.

Conditions across the broader market also seem to be stabilizing. Outflows from ETFs, which had intensified Bitcoin’s decline, are showing signs of leveling off. U.S.-listed spot

Bitcoin

ETFs saw $3.79 billion in outflows during November—the highest monthly outflow ever—but

recent investments in other cryptocurrencies

such as

Solana

and

XRP

indicate a possible shift within the crypto sector. At the same time,

the risk-off indicator has dropped sharply

, with Swissblock analysts noting this “shows us two things: selling has slowed, and the worst of the capitulation may be over for now.”

Federal Reserve policy is another key influence. The likelihood of a rate cut in December jumped to 69.3% as of Nov. 24, up from a previous low of 30%, based on the CME FedWatch Tool.

Experts suggest that future liquidity injections by the central bank

could support riskier assets like Bitcoin, especially if quantitative easing returns. “At some point, the Fed must add liquidity or face insolvency,” one analyst commented, noting that rate reductions usually favor high-risk investments.

Despite these cautiously positive developments, obstacles persist.

Ethereum

and XRP are still trading well under their important EMAs, with Ethereum’s RSI at 26 and XRP’s at 23, both

reflecting ongoing bearish sentiment

. Furthermore,

geopolitical risks highlight larger macroeconomic uncertainties

that could impact the markets.

Investors are also watching for possible consequences from MSCI’s plan to remove crypto treasury firms from major indexes in 2026, a move that could prompt forced selling and add pressure to digital assets

according to analysts

. Michael Saylor, founder of Strategy, has criticized the proposal, arguing that companies holding crypto should not be grouped with traditional funds.

When it comes to Bitcoin, experts remain split on when a lasting recovery might start. Some, such as Benjamin Cowen of Into The Crypto, reference historical trends—Bitcoin has typically peaked in the fourth quarter of post-halving years and bottomed about a year later—while others caution that another wave of selling could still occur

according to reports

. Swissblock has noted that if a weaker secondary selloff happens, it could signal that bulls are regaining control.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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