Bitcoin price is currently relatively stable after hitting a record high of around $99,600 in November 2024. The price is now hovering between $92,000 and $98,000, which indicates a phase of consolidation in the market.
With the possibility of the US Federal Reserve cutting interest rates on December 18, the market could see further gains that could push Bitcoin to break the $100,000 barrier. This expected 0.25% rate cut could encourage more investments in digital assets such as Bitcoin.
In addition, strong technical support at the $92,000 levels and trading above the 50- and 100-day moving averages support the uptrend. However, Bitcoin could face significant psychological resistance at the $100,000 level, with a possible correction before further gains are made  .
This period is an ideal opportunity for investors to monitor the market and take advantage of any potential corrections as buying opportunities ahead of the expected recovery.