BTC/USD: Bitcoin Briefly Turns Positive for the Year. But the Steep Drop Is Still a Threat.
Anything above $93,300 this year will be a win for the bruised token. That’s the opening price. And it was briefly eclipsed Thursday. 📈 BTC Sneaks Into the Green (Briefly)Bitcoin popped above $93,300 on Thursday, briefly turning positive for 2025 before slipping back into the red paint. The intraday high near $93,515 showed buyers still have some fight, but conviction remains thin as every rally gets sold into quickly. Traders remain cautious after November’s pain, and Bitcoin’s failure to hold gains underscores the fragility of sentiment heading into next week’s macro catalysts. ⚠️ Bears Still Lurking BelowDespite the rebound, many analysts still call for pressure toward the $50,000–$75,000 zone, citing stretched positioning and shaky liquidity. Some speculate the OG coin could wick up toward $100,000–$107,000 first – a classic liquidity grab – before turning lower. Crypto loves fakeouts almost as much as traders hate them. Long-side confidence is improving, but nowhere near solid. One ugly candle could flip the narrative instantly. 🏦 Fed Cut Hopes Fuel the BounceRate-cut optimism is most likely doing heavy lifting. Markets now price an 87% chance of a quarter-point cut on Dec. 10, making crypto more attractive relative to low-yield assets. Lower borrowing costs tend to weaken the dollar and boost liquidity – two ingredients Bitcoin thrives on when the macro backdrop lines up. Still, next week’s Fed meeting is the real decider. Until then, the orange coin could be dancing around the breakeven line, hoping not to trip before the music changes.