Over the past week, Bitcoin has posted a modest gain and now trades in the low-$90,000 range, with volatility easing and price action confined to a relatively tight consolidation band after this month’s sharp decline.
On-chain indicators and derivatives positioning point to two key resistance zones above the current level, at $93,000–$96,000 and $103,000–$108,000. Historical trading activity and liquidity concentrate in these areas, so they may limit further upside if selling interest increases when Bitcoin approaches those price ranges.
If buyers fail to push through those levels, BTC price could slide back toward the lower $90,000 region, and a daily close under $82,000 may confirm a broader bearish phase.
Short-term holders add another key factor to the outlook. Data providers estimate their average entry price around $109,800, which now acts as an important reference level. While Bitcoin trades below that area, many recent buyers sit in unrealized losses and may sell on rallies, increasing supply on exchanges and pressuring the recovery. If the price eventually rises above that cost basis, the selling from this group may ease, giving any new uptrend a better chance to develop.
Also Read: Bitcoin Price Recovers to $109K as Traders Eye $120K Resistance
Regional flows now support a more constructive Bitcoin price forecast. Earlier in the year, the move from $126,000 to $100,000 appeared driven mainly by Asian selling, while the slide from $100,000 to $80,000 involved stronger US distribution. Recent on-chain data suggests that US traders have started adding exposure again.
The Coinbase Bitcoin Premium Index has turned positive after a long stretch in negative territory. This gauge compares the BTC price on Coinbase with global spot prices. A positive reading means Bitcoin trades at a higher price on the US exchange, which signals stronger demand from American traders and institutions.
At the same time, spot Bitcoin ETFs in the United States have logged several days of net inflows. That pattern points to renewed interest from long-term investors. Furthermore, risk metrics such as the Bitcoin Sharpe ratio also move toward zones that some analysts associate with more favorable reward-to-risk conditions for dip buyers.
Macro conditions still influence near-term Bitcoin price prediction. The CBOE Volatility Index has risen again, which often coincides with equity weakness and a reduction in risk appetite. Bitcoin often tracks the direction of the S&P 500, so spikes in volatility can cap upside breakouts and trigger quick reversals.
Analysts, including Robert Kiyosaki, have renewed discussion about a possible global liquidity squeeze. The unwind of long-running yen carry trades and shifting US funding conditions both remove liquidity from global markets. In the short term, that process may weigh on BTC, yet it also keeps Bitcoin in focus as an alternative store of value.
Expectations for a US Federal Reserve rate cut in December remain elevated. Easing policy often supports risk assets, including large cryptocurrencies such as Bitcoin.