Bitcoin Price Up 4% on Rate Cut Hopes as SpaceX Moves BTC

The price of Bitcoin jumped 4% in the past 24 hours to trade at $91,393 as of 2:41 a.m. EST on trading volume that increased 14% to $75.7 billion.

BTC rebounded over the past day, surging above $91,000, as growing expectations of a rate cut from the U.S. Federal Reserve sparked a wave of renewed investor interest.

According to data from CME FedWatch.

Interest rates are too high.

The Fed is expected to cut rates by 50 basis points in December.

-Anthony Pompliano 🌪 (@APompliano) November 26, 2025

In the event of a rate cut, a drop in rates could drive up “risk assets” such as Bitcoin by increasing liquidity and stimulating appetite for higher-yielding assets.

Meanwhile, as the largest crypto by market cap recovered, a crypto wallet associated with SpaceX moved 1,163 BTC worth around $105 million to a new wallet, according to Arkham Intelligence. data.

However, it remains unclear whether SpaceX moved the parts for safekeeping or with the intention of selling them.

Bitcoin finally broke out of a fragile zone between $81,000 and $89,000, an area that highlighted the market’s lack of liquidity and demand.

Can the recovery be sustainable and the price of Bitcoin rise even more?

Bitcoin Price Poised for Sustainable Recovery

After a sharp increase from May, the price of BTC was rejected above the $123,000 area, forcing it to trade sideways between that level and the $107,400 support.

However, Bitcoin price was unable to maintain this level, leading the bears to push the crypto into a well-defined descending channel, with BTC breaking out above key Fibonacci support levels. BTC is now approaching the 0.5 Fibonacci ($89,880) and 0.618 Fibonacci ($91,982) levels.

The sustained downtrend has pushed BTC price below the 50-day and 200-day simple moving averages (SMA), suggesting that the downtrend remains in place.

Meanwhile, on the daily chart, the Relative Strength Index (RSI) is recovering from oversold territory, currently at 41, suggesting that buyers are regaining control.

The Moving Average Convergence Divergence (MACD) also supports the recovery attempt, as the blue MACD line has moved above the orange signal line. With green bars now forming on the histogram, BTC is currently experiencing positive momentum.

BTC Price Prediction

According to BTC/USD chart analysis, Bitcoin price is attempting a short-term rebound after touching the lower Fibonacci zone near the 0.236 to 0.382 levels, which often serve as reaction points during corrective phases.

If momentum continues to improve, the next key resistance for BTC lies around the 0.5 and 0.618 Fibonacci retracements between $89,800 and $91,800, where sellers are likely to re-enter.

A successful breakout of the descending channel could open the way towards the $95,000-$98,500 zone, which lies within the 0.786 Fibonacci level and an earlier consolidation region.

However, if Bitcoin price fails to hold above recent lows, a retest of the $80,000 to $82,000 support range becomes possible as it aligns with the Fibonacci bottom and previous liquidity levels.

Related news:

Best Wallet – Diversify your crypto portfolio

• Easy-to-use, feature-driven crypto wallet
• Get Early Access to Upcoming Token ICOs
• Multi-chain, multi-wallet, non-custodial
• Now on App Store, Google Play
• Stake to win a $BEST native token
• More than 250,000 active users per month