Bitcoin Price Reclaims $91,000, Is Bottom Finally In?

Market Overview - Bitcoin price has surpassed $91,000, indicating a potential recovery in the cryptocurrency market after significant declines [1] - Despite the recent surge of 4.51% in the last 24 hours, Bitcoin remains approximately 20% lower over the past 30 days [2] - The price recovery is notable as Bitcoin had previously dropped to $81,000 on November 21, making the $91,000 level a critical recovery point [2] Federal Reserve Influence - Expectations are building for a potential 25-basis-point rate cut by the Federal Reserve by December 2025, which may influence Bitcoin's price movements [3] - Federal Reserve officials, including Governor Chris Waller, have expressed support for a rate cut, citing signs of a weakening labor market [4] - However, Boston Fed President Susan Collins has raised concerns about inflation, suggesting that the Fed's communication may have a more significant impact on Bitcoin than the actual rate cut [5] Market Sentiment and Liquidity - Analysts from 10X Research emphasize that Bitcoin's performance is closely tied to Fed communication rather than just rate adjustments, indicating that a rate cut may not necessarily lead to a bullish trend for Bitcoin [5] - There is a risk of increased market selloff if the Fed opts not to cut rates, which could negatively impact Bitcoin's price [6] - Coinbase has reported a significant influx of USDC as Bitcoin approaches $91,000, suggesting improved liquidity that could support further price increases [6]