Bitcoin Slips to $90,000, But Analysts See Path to $124,000 Ahead

Jakarta, Pintu News – Bitcoin (BTC) price surged past $91,000, recording a 3% gain on Dec. 8 after a brief market recovery. After experiencing significant volatility in recent days, experts predict Bitcoin could reach $100,000 this week, driven by continued investor optimism.

Then, how will the Bitcoin price move today?

Bitcoin Price Drops 1.09% in 24 Hours

On December 9, 2025, Bitcoin was trading at $90,195, equivalent to approximately IDR 1,511,121,881, after experiencing a 1.09% decline over the past 24 hours. During that time, BTC hit a low of IDR 1,501,888,771 and reached a high of IDR 1,541,845,906.

At the time of writing, Bitcoin’s market capitalization is estimated at around IDR 30,060 trillion, while its 24-hour trading volume rose by 7%, reaching IDR 722.83 trillion.

Read also: Ethereum Holds Steady at $3,100 as Rising Channel Points to Potential $4,000 Breakout

Can Bitcoin Price Reach $100,000 This Week? Here’s Why

The crypto market started the week with a positive sentiment, with Bitcoin prices showing signs of upward momentum.

Market capitalization increased by 3%, reaching $3.22 trillion. Some major altcoins such as Ethereum (ETH), Solana (SOL), XRP, and Cardano (ADA) also recorded significant gains.

Zcash (ZEC) was the best performing crypto among the top 100, with a 10% jump in price. Canton (CC) was not far behind and also saw a 10% increase. Other crypto assets attracting attention are Bittensor (TAO) and Cardano (ADA), up 6% each in the last 24 hours.

Key Crypto Events that Could Trigger a Bullish Rally

This week is crucial for crypto investors as a number of important events will take place. The Federal Reserve is scheduled to announce its interest rate decision on Wednesday, December 10 – a decision that could significantly affect the direction of the market.

Many expect a 25 basis point rate cut, which could boost investor confidence. In addition, a press conference by Fed Chairman Jerome Powell, as well as economic data such as job openings and jobless claims will provide additional guidance on the future direction of the market.

The Fed’s bond-buying plan is also a major concern in the crypto world. Some banks predict that bond purchases will begin as early as January 2026 – a move that is predicted to push up altcoin prices.

Although the Bitcoin ETF experienced outflows of $87.77 million in the December 1-5 period, the market remains optimistic that upcoming policies and announcements will boost the Bitcoin price to higher levels.

Read also: Arthur Hayes Says Bitcoin’s Biggest Bullish Trigger Has Arrived, Here Are the Details!

Is BTC about to Surge? Crypto Analysts Highlight the Potential to $124,000

A crypto analyst noted that Bitcoin price is currently attempting to break the major trend line on its 10-day chart.

According to the analyst, if there is a breakout with strong momentum, the next target could be $124,000. This moment is considered crucial because Bitcoin is testing a significant major resistance level.

Bitcoin’s latest price has risen to $91,821, after experiencing a steady rise in recent weeks.

Bitcoin’s short-term outlook remains optimistic, with some analysts predicting an 8.8% increase in the next few months. If the price is able to hold above the critical $92,000 level, the digital asset could potentially surpass the $100,000 mark.

In addition, the MACD (Moving Average Convergence Divergence) technical indicator is showing a bullish signal. This indicator indicates a strengthening trend in the market, which means that Bitcoin will most likely continue to rise.

FAQ

Can Bitcoin (BTC) reach $100,000 this week?

Yes, Bitcoin (BTC) has the potential to hit $100,000 this week, mainly due to investor optimism and positive market momentum.

What are the main factors affecting Bitcoin price this week?

Key factors include the Federal Reserve’s interest rate decision, crypto market momentum, and investor sentiment towards upcoming economic data.

What is the current Bitcoin price?

A3: Bitcoin’s current price is $90,195 after a steady rise in the past few weeks, but a correction in the past 24 hours.

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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. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Here’s Why Bitcoin Price Will Rally to $100k This Week. Accessed on December 9, 2025