Bitcoin Surges Past $91K Amid December Rate Cut Expectations as SpaceX Transfers $105M in BTC

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Nov 27 2025

BTC+1.047%

REQ-3.017%

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Bitcoin Price Surge: Bitcoin's price increased by 4% to $91,393, driven by rising expectations of a US Federal Reserve rate cut, which has led to increased investor interest and trading volume.
Market Dynamics: The likelihood of a quarter-point rate reduction in December has jumped to 85%, which could enhance liquidity and boost demand for risk assets like Bitcoin.
Whale Activity: A crypto wallet linked to SpaceX transferred 1,163 BTC valued at approximately $105 million, while another whale sold 200 BTC after nearly three years of dormancy, realizing significant profits.
Technical Analysis: Bitcoin is attempting a recovery after breaking out of a low liquidity zone, with key resistance levels identified around $89,800 to $91,800, while a failure to maintain recent lows could lead to a retest of the $80,000 to $82,000 support range.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	59089.278	62103.639	64954.278	67968.639	70819.278	73833.639	76684.278
Fibonacci	62103.639	64344.069	65728.209	67968.639	70209.069	71593.209	73833.639

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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