Bitcoin Holds Around $87,000 — Positive Sentiment Could Fuel a Potential Rebound

Jakarta, Pintu News – Bitcoin (BTC) could be in for a much-needed rebound, after research from Barclays suggested that Fed Chairman Jerome Powell may still be leaning toward a 25 basis point rate cut, even though other Fed officials remain divided.

On the other hand, the US Treasury Secretary, Scott Bessent, stated that there is currently no risk of recession for the United States economy or the threat of rising inflation. Then, how will Bitcoin price move today?

Bitcoin Price Up 0.88% in 24 Hours

As of November 24, 2025, Bitcoin was trading at $87,069, equivalent to approximately IDR 1,465,125,809, marking a 0.88% increase over the past 24 hours. During this time, BTC reached a low of IDR 1,434,818,442 and a high of IDR 1,476,536,858.

At the time of writing, Bitcoin’s market capitalization is estimated at around IDR 29,221 trillion, while its 24-hour trading volume has surged 48%, reaching IDR 1,099 trillion.

Read also: XRP Price Forecast: What Could 1,000 XRP Be Worth by 2030?

Jerome Powell likely to push for another Fed rate cut

Research from Barclays said that the FOMC decision in December is still relatively tight and uncertain, but Fed Chairman Jerome Powell is expected to encourage the committee to cut interest rates again.

Looking at recent statements from a number of Fed officials, Governors Stephen Miran, Michelle Bowman, and Christopher Waller tend to favor a rate cut in December. In contrast, St. Louis Fed President Alberto Musalem and Kansas City Fed President Jeffrey Schmid prefer to maintain the current monetary policy.

Speeches from Supervisory Vice Chairman Michael Barr, Vice Chairman Philip Jefferson, Chicago Fed President Austan Goolsbee, and Boston Fed President Susan Collins indicated that they were still undecided, although tilted slightly towards keeping rates in the 3.75-4% range.

Meanwhile, Governors Lisa Cook and John Williams stated that they will wait for the latest economic data, but are more open to the option of cutting interest rates again.

The CME FedWatch forecasting tool shows that the probability of a 25 basis point rate cut by the Fed in December is now over 67%. This figure has risen dramatically from 33% to 70% following various recent developments, including John Williams’ signal of a cut, which triggered a recovery in Bitcoin prices and the crypto market in general.

However, according to Wall Street Journal journalist Nick Timiraos, a rate cut won’t happen “unless Powell really pushes it.” On the other hand, the Bureau of Labor Statistics (BLS) will not release inflation (CPI) data for October, and November CPI will only be announced on December 18, a week after the Fed’s rate decision.

Meanwhile, US Treasury Secretary Scott Bessent dismissed concerns about inflation and recession. “If we look at the import data, inflation has actually remained flat. The rise in inflation is due to the services sector, not goods, so it has nothing to do with import tariffs,” Bessent explained.

Bitcoin Potentially Recovers Supported by Positive Sentiment

Bitcoin (BTC) price has recovered more than 8% since Friday’s drop that briefly took the price below $81,000, driven by rising expectations of interest rate cuts by the Fed.

Read also: Can Bitcoin Break $250,000 in 2026? Here’s How ChatGPT and GROK AI Predict

If positive sentiments such as potential spot Bitcoin ETF approval, whale activity, and call option buying continue, BTC has a chance to break back above $90,000.

Analyst Michael van de Poppe highlights the CME gap at $85,200. He expects the crypto market to likely experience “a mild decline on Monday towards that level, before bouncing back up to the $90,000-$96,000 range to form a new base.”

Meanwhile, Rekt Capital analysts stated that if Bitcoin scores another weekly close above $86,000, then the price could again test the $93,000 level, given the presence of several support and resistance levels in the area.

However, if Bitcoin is rejected at the $93,000 level, the price is likely to keep moving in a weekly range between $86,000-$93,000.

In the past 24 hours, Bitcoin price has been volatile around $86,700, with the lowest and highest prices at $85,404 and $88,038 respectively. In addition, the daily trading volume rose by about 45%, signaling increased interest from traders.

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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:

• Coingape. Bitcoin Bounces as Jerome Powell Could Push for Another Fed Rate Cut: Barclays Research. Accessed on November 24, 2025