Bitcoin Drops to $87,000 on December 1 — Can It Bounce Back?

Jakarta, Pintu News – Last week, the crypto market showed improvement after experiencing pressure during November that pushed BTC prices to a seven-month low of around $82,000. Now, market sentiment is starting to change, as Coinbase premium is back in the positive, indicating renewed buying interest.

As of November 30, Bitcoin had recorded a gain of around 7%, strengthening its bullish outlook. Analysts are starting to see a potential move towards $100,000 as momentum continues to strengthen.

This optimism is also fueled by expectations of an interest rate cut by the Fed in December, with the market probability reaching around 86%. Market participants consider it likely that there will be a third easing of monetary policy this year, which is driving interest in high-risk assets such as crypto.

Then, how will the Bitcoin price move today?

Bitcoin Price Drops 4.30% in 24 Hours

On December 1, 2025, Bitcoin was trading at $87,320, equivalent to approximately IDR 1,457,826,316 — marking a 4.30% drop over the past 24 hours. During this period, BTC hit a low of IDR 1,454,541,150 and climbed as high as IDR 1,536,475,214.

At the time of writing, Bitcoin’s market capitalization is around IDR 28,999 trillion, while its 24-hour trading volume has surged by 30% to reach IDR 838.62 trillion.

Read also: 7 Cryptos that are Ready to Hit the Market in 2026, Why?

Bitcoin price aims for $100,000, analysts predict breakout

A crypto analyst reported that a wedge-shaped (narrowed triangle) bearish pattern is starting to form on Bitcoin’s four-hour chart. Currently, buyers are still struggling to break the resistance level above $93,000, which is the main barrier to the upward movement.

In the event of a decisive breakout and strong consolidation above this level, there is a great chance for Bitcoin price to reach a new record of $100,000. The analyst emphasized that all these obstacles must be overcome for bullish sentiment to return.

Currently, Bitcoin price is trying to stabilize and recover after the recent market pressure.

Bitcoin Premium Index on Coinbase shows rise in demand from the US

The Bitcoin Premium Index on Coinbase recently returned to positive values after weeks in the negative zone. This change is considered a signal of increased interest in Bitcoin from US investors. Analysts are calling this a sign of returningbuying pressure.

Read also: 5 Must-Know Crypto Market Predictions for 2026!

This index measures the difference between the price of Bitcoin on Coinbase compared to the average global price. When the value is positive, it means there is high demand from US traders. Market watchers are now expecting more buying if this trend continues.

Can the Bullish still hold the $90,000 Zone?

On November 30, the price of BTC briefly stood at $91,371, registering a steady rise in 24 hours. The chart shows a recovery phase after last week’s sharp drop, with buyers successfully defending the support area at $90,000.

The MACD indicator shows mixed momentum. The signal line and the MACD line are not lower than they were a while ago, but show a slight weakening in the strength of the uptrend.

If the recovery continues, Bitcoin’s short-term outlook looks positive. A clear break above $93,000 could pave the way towards $95,000. And if buying pressure continues to strengthen, BTC has a chance to retest the $100,000 psychological level in the next few weeks.

However, if selling pressure dominates again, Bitcoin price could drop back to the $90,000 support zone. Failure to maintain this level could open up the potential for further pressure and invalidate existing bullish predictions.

FAQ

What is Coinbase premium and why is it important?

Coinbase Premium is an indicator that measures the difference in Bitcoin price on the Coinbase platform compared to the global price average. Positive values indicate higher demand in the US, which could be a bullish signal for Bitcoin.

What will happen if Bitcoin cannot maintain support in the $90,000 zone?

If Bitcoin fails to maintain support at the $90,000 zone, there could be greater selling and selling pressure that could undermine the existing bullish sentiment and lower the price further.

How can the MACD indicator affect Bitcoin price analysis?

The MACD (Moving Average Convergence Divergence) indicator helps identify price trends and market momentum. Changes in this indicator can signal the strength of the current trend and potential changes in price direction.

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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. Bitcoin Price Poized for a $100k Run as Coinbase Premium Turns Positive. Accessed on December 1, 2025