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Bitcoin Price Rises Above $89k; Is the Bloodbath Over?

Bitcoin Price Rises Above $89k; Is the Bloodbath Over?

Coinpedia2025/11/25 00:42
By:Coinpedia
Story Highlights

Bitcoin (BTC) price has rallied above $89k on Monday, signaling renewed bullish momentum. The flagship coin flipped bullish amid the last week of November, after a series of heavy liquidations of long traders in the past four weeks.

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The Bitcoin price is well-positioned to continue rallying in the coming days and weeks, fueled by a supportive macroeconomic backdrop. Polymarket and Kalshi traders have increased their bets for a 0.25% Fed rate cut in December 2025.

The odds of a 25 bps Fed rate cut next month surged to around 80% after New York Fed President John Williams signaled his openness to a cut. Moreover, New York is a major financial and economic hub in the United States and is a sign to many traders that the inner circle for Chair Jerome Powell may be supporting the move in the next meeting.

Meanwhile, crypto traders are expecting the upcoming Fed’s Quantitative Easing (QE) to increase the overall cash inflows amid rising global money supply.

The midterm outlook for Bitcoin will likely remain bullish, fueled by rising global economic activity amid strong crypto-conviction from institutional investors. 

Notably, the global economic activities have significantly recovered since China and the United States buried their hatchet. On Monday, U.S. President Donald Trump and President of the People’s Republic of China Xi Jinping reaffirmed the countries’ commitment to the recently forged bilateral ties.

From a technical analysis standpoint, the BTC/USD pair is on the cusp of registering a parabolic move towards a new all-time high akin to gold in the past few months. Moreover, the stablecoins supply has been rising in the recent past, signaling notable buying pressure.

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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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