Bitcoin Price Rises to $93,000 Today: Can BTC Rebound to $120,000 by Year-End?
Jakarta, Pintu News – The latest news about Bitcoin recorded a surge in the price of BTC against USD by almost 7%, even breaking the $93,000 mark, along with the overall recovery of the crypto market on December 3, 2025.
This increase has also triggered Bitcoin price predictions that tend to be positive, some even predict that the surge could reach $120,000 or more in the near future. Then, how will the Bitcoin price move today?
Bitcoin Price Rises 1.62% in 24 Hours
As of December 4, 2025, Bitcoin was trading at $93,735, equivalent to approximately IDR 1,564,769,363, marking a 1.62% increase over the past 24 hours. During this time, BTC hit a low of IDR 1,530,672,756 and climbed to a high of IDR 1,568,177,539.
At the time of writing, Bitcoin’s market capitalization is estimated at IDR 31,106 trillion, while its 24-hour trading volume has declined by 3%, totaling around IDR 1,325 trillion.
Institutional Interest in Bitcoin Spot ETFs Continues
Experts say that this price surge is driven by a variety of important factors. For instance, continued institutional interest – evident from the inflow of funds into the Bitcoin Spot ETF in the US – is believed to have contributed to the asset’s rise in value.
In addition, Bank of America also recommends market participants to allocate around 4% of their portfolio to digital assets.
On the other hand, leading investment advisory firm Vanguard has included crypto ETFs such as Bitcoin, XRP , Solana , Ethereum and others in its portfolio, further strengthening market confidence.
Taking all of these factors into consideration, the outlook for BTC against USD looks optimistic for December. Plus, a possible interest rate cut by the Fed later this month could further boost Bitcoin’s price gains and reinforce the positive predictions.
BTC/USD surges to $93,000 as Bitcoin ETF momentum returns
The latest Bitcoin price prediction based on technical trends indicates a potential rally towards $120,000 or even more in the near future. This news comes after the price of BTC against the USD recorded a surge of around 7% and briefly traded in the $93,000 range.
Bitcoin started the month with a weak performance, dropping to the $84,000 mark before bouncing back yesterday. As of December 3, the asset’s trading volume also increased by around 19% to $86 billion, signaling heightened market activity.
In the last 24 hours (3/12), the crypto’s price moved in the range of $87,033 to $93,965, reflecting highly volatile market conditions. Interestingly, this spike was most likely triggered by the return of confidence from institutional investors, as seen by the inflow of funds into the Bitcoin Spot ETF in the US.
According to data from Farside Investors, the US Spot Bitcoin ETF recorded inflows of $58.5 million on December 2. This was the fifth consecutive day of inflows into the asset, with BlackRock’s IBIT ETF making the largest contribution on December 2 with inflows reaching $120.1 million.
Read also: Vanguard Crypto ETF: $9.3 Trillion Platform Now Supports BTC, ETH, XRP, and SOL Crypto ETFs!
Bitcoin price prediction of $120,000 triggers market optimism
Amidst the growing optimism seen in the surge of BTC price against USD, the latest Bitcoin price prediction is now in the spotlight.
For context, in a recent post on the X platform, analyst Ali Martinez mentioned that the next major resistance level for Bitcoin price is at $99,000.
In addition, according to price indicators, if Bitcoin manages to break the $99,000 level, the next target is estimated to be in the range of $122,000. With this scenario, investors are increasingly confident that the Bitcoin price rally will continue to reach $120,000 in the near future.
Meanwhile, analyst Gert van Lagen also revealed that a rare bullish signal has emerged for BTC/USD. He explained that the Bollinger Band Width dropped below the 100 mark – a technical signal that has historically often been the first sign of a parabolic price surge.
Furthermore, Van Lagen noted that whenever this signal has appeared in the past, it has always been followed by a significant price increase. The chart he shared even indicates a potential rally of up to $140,000 for Bitcoin.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- CoinRepublic. Bitcoin Price Prediction: $120K In December If This Streak Continues. Accessed on December 4, 2025
