The FOMC meeting is scheduled for next Tuesday (December 9-10), and the market is almost unanimous on a dovish stance from the Fed.
Polymarket traders are pricing in a 92% probability of a 25-basis-point cut, which has shifted Bitcoin price analysis from a bearish breakdown to a potential comeback.
Powell Expected to Deliver 25bps Cut Despite Inflation Concerns
Federal Reserve Chair Jerome Powell is expected to proceed with another quarter-point rate reduction this week, even as several policymakers express concern about persistent inflation.
The Fed implemented its second consecutive cut in October, responding to unexpected weakness in the summer jobs data.
Following that decision, hawkish voices emerged among officials, including five current voting members, who indicated reluctance to support further easing in December.
The tide turned on November 21 when New York Fed President John Williams suggested conditions warranted a reduction in the “near term.”
Recent Bitcoin price analysis from Cryptonews highlights a critical on-chain metric gaining momentum.
Bitcoin “liveliness” is climbing again, a pattern that has historically coincided with bull market phases, suggesting the current cycle may have substantial upside remaining.
Analyst Michaël van de Poppe outlined a bullish scenario, anticipating short-term volatility before a sustained rally.
He expects pre-FOMC selling pressure today and Monday, potentially driving prices down to $87,000 to sweep liquidity at the lows.
“After that, bounce back up, swiftly, in which the uptrend is confirmed for Bitcoin and it’s ready to break $92,000
And therefore the run towards $100,000 in the coming 1-2 weeks as the Fed is reducing QT, doing rate cuts and expanding the money supply to increase the business cycle,” van de Poppe stated.
Bitcoin Price Analysis: Technical Setup Favors $94k Breakout
Technical analysis shows Bitcoin breaking out of a long descending red channel, signalling that the strongest phase of the downtrend has likely ended.
Price is currently hovering around the $89,000 zone, which sits just beneath a key resistance-turned-support area highlighted in orange.
Until BTC closes decisively above this zone, sellers can still create short-term pressure.
Source: TradingViewThe breakout attempt already shows early strength, as BTC bounced from the lower channel region near $79,000 and pushed back toward mid-trend.
The next major resistance level is around $94,600, and clearing it would confirm bullish continuation.
If that happens, the chart projects upside targets at $108,000 and eventually $116,000, which align with previous liquidity zones.
Maxi Doge Presale Capitalizes on Market Momentum
As Bitcoin positions for a potential comeback driven by Fed rate cuts, presale projects like Maxi Doge (MAXI) are attracting investor attention.
MAXI is capturing the grassroots momentum that drove Dogecoin’s extraordinary 161,000x rally.
The project has secured over $4.2 million in funding while building an active community focused on sharing trading strategies and market opportunities.
Notably, 25% of capital raised will be invested in promising plays, with returns recycled into marketing initiatives and community rewards to accelerate growth.
Investors can join the presale at $0.000272 by visiting the official Maxi Doge website.
Then connect an Ethereum-compatible wallet like Best Wallet, and purchase MAXI with ETH, BNB, or USDT.
Bank card payments are also supported for instant access.
The post Bitcoin Price Analysis: 92% Fed Rate Cut Probability Sparks Bitcoin Comeback Talk appeared first on Cryptonews.
