BTC/USD: Bitcoin Briefly Turns Positive for the Year. But the Steep Drop Is Still a Threat.

Anything above $93,300 this year will be a win for the bruised token. That’s the opening price. And it was briefly eclipsed Thursday.

📈 BTC Sneaks Into the Green (Briefly)

• Bitcoin BTCUSD popped above $93,300 on Thursday, briefly turning positive for 2025 before slipping back into the red paint.
• The intraday high near $93,515 showed buyers still have some fight, but conviction remains thin as every rally gets sold into quickly.
• Traders remain cautious after November’s pain, and Bitcoin’s failure to hold gains underscores the fragility of sentiment heading into next week’s macro catalysts.

⚠️ Bears Still Lurking Below

• Despite the rebound, many analysts still call for pressure toward the $50,000–$75,000 zone, citing stretched positioning and shaky liquidity.
• Some speculate the OG coin could wick up toward $100,000–$107,000 first – a classic liquidity grab – before turning lower. Crypto loves fakeouts almost as much as traders hate them.
• Long-side confidence is improving, but nowhere near solid. One ugly candle could flip the narrative instantly.

🏦 Fed Cut Hopes Fuel the Bounce

• Rate-cut optimism is most likely doing heavy lifting. Markets now price an 87% chance of a quarter-point cut on Dec. 10, making crypto more attractive relative to low-yield assets.
• Lower borrowing costs tend to weaken the dollar and boost liquidity – two ingredients Bitcoin thrives on when the macro backdrop lines up.
• Still, next week’s Fed meeting is the real decider. Until then, the orange coin could be dancing around the breakeven line, hoping not to trip before the music changes.