Bitcoin Price Surges Toward $93K on December 3, 2025: Why BTC Is Up Today and What Analysts Expect Next

Bitcoin price today: BTC reclaims the $90,000 handle

Bitcoin (BTC) has snapped back above the $90,000 level after a bruising November, trading around $93,000 on Wednesday, December 3, 2025. Over the past day, BTC has hovered in a roughly $91,000–$94,000 range, briefly touching a new two‑week high just below $94,000 as buyers returned to the market. ^[1]

According to data compiled by Cryptonews, the total crypto market cap climbed 7.4% in the last 24 hours to about $3.24 trillion, with 95 of the top 100 coins in the green. Bitcoin itself was up roughly 7% to $92,992, while Ethereum (ETH)jumped 9.1% to $3,055 and Solana (SOL) surged more than 12% to around $141. ^[2]

Market sentiment has improved, but it’s far from euphoric. The widely watched crypto fear‑and‑greed index has edged up from 16 (“extreme fear”) to 22 (“fear”), signalling that traders are less panicked but still cautious after weeks of heavy selling. ^[3]

Today’s bounce comes against the backdrop of a sharp drawdown. Bitcoin fell about 17% in November and roughly 18% over the past three months, even after hitting a fresh all‑time high near $126,000 on October 6. ^[4]

The catalysts: Vanguard, Bank of America and a macro “perfect storm”

Analysts widely describe Wednesday’s rally as the result of a rare alignment of bullish headlines.

1. Vanguard’s U‑turn on Bitcoin ETFs

One of the biggest talking points is Vanguard’s policy reversal. The $11 trillion asset‑management giant, long viewed as hostile to crypto, has reopened access to spot Bitcoin ETFs like BlackRock’s IBIT for its more than 50 million clients. ^[5]

Bloomberg ETF analyst Eric Balchunas highlighted that IBIT reportedly saw around $1 billion in volume within 30 minutes of Vanguard lifting its ban — a move he and others say could help propel BTC toward six‑figure territory as ETF demand spreads deeper into the traditional investing world. ^[6]

2. Bank of America embraces crypto allocation

At the same time, Bank of America has begun recommending a 1%–4% allocation to crypto in client portfolios and has allowed more than 15,000 wealth advisers to suggest Bitcoin ETFs for the first time. Commentators at Cryptonews and 99Bitcoins estimate that, if even a fraction of eligible clients opt in, this shift could eventually channel hundreds of billions of dollars into digital assets over the coming years. ^[7]

3. On‑chain accumulation and tight supply

On‑chain data adds another bullish layer. An analysis from InvestX claims that over 40,000 BTC were absorbed within 24 hours by major institutions and market makers during the recent dip, as large players rushed to “reload” at lower levels. ^[8]

Separately, CryptoPotato notes that exchange‑held BTC reserves have dropped to multi‑year lows, suggesting coins are being moved off exchanges into cold storage, typically interpreted as a sign of long‑term accumulation and tightening liquid supply. ^[9]

4. Fed expectations and global macro tailwinds

Macro factors are also helping the bulls. Crypto.news reports that markets are now pricing roughly an 87% probability of a 25‑basis‑point rate cut at the December 9–10 FOMC meeting, a shift that historically boosts risk assets like Bitcoin by loosening financial conditions. ^[10]

Cryptonews further points to:

Ongoing net inflows into US spot Bitcoin ETFs, including about $58.5 million in net inflows on Tuesday,
Speculation that Kevin Hassett, seen as crypto‑friendly and pro‑rate‑cuts, could become the next US Fed chair, and
The UK’s new Property (Digital Assets etc) Act, which formally recognizes crypto and stablecoins as property under English law, strengthening legal protection for digital assets. ^[11]

5. A more complicated global rates picture

However, macro is not unambiguously bullish. 99Bitcoins highlights that Japan’s 30‑year bond yield has climbed to a record 3.41%, raising the risk of an unwinding of the yen carry trade that has historically pumped liquidity into global risk markets — and sometimes coincided with major Bitcoin turning points. ^[12]

Northeastern University experts also stress that shifting global interest‑rate regimes and institutional investors rotating into safer assets like gold and silver have amplified Bitcoin’s 2025 volatility, even as they argue crypto itself is “here to stay.” ^[13]

Technical picture: key Bitcoin price levels to watch

Beyond the headlines, technical analysts see BTC perched at a crucial inflection zone.

CryptoPotato: reclaiming a key demand zone

CryptoPotato’s latest BTC update argues that after weeks of persistent selling, Bitcoin has bounced decisively from an $80,000 demand area and is now reclaiming a mid‑range band between $89,000 and $93,000. On the four‑hour chart, BTC is pressing into a confluence of: ^[14]

Horizontal resistance around $93,000, and
A descending trendline that has capped price since the breakdown from about $116,000.

A “clean” break and sustained hold above this confluence could, in their view, open the door toward a $103,000 supply zone. Conversely, a rejection here could send BTC back toward $88,000, and a loss of the $80,000 “line in the sand”would risk a deeper correction. ^[15]

Crypto.news: cautious optimism into the FOMC

In a detailed Bitcoin price prediction ahead of the December FOMC, Crypto.news notes that: ^[16]

BTC briefly spiked to around $93,900 today before pulling back,
It is currently hovering near $92,600, up about 3% on the day and 6% on the week, and
Positive spot‑ETF inflows of roughly $220 million at month‑end reinforce the bullish case if the Fed delivers as expected.

Their base scenarios:

Upside: If BTC can reclaim and hold $93,000–$94,000, a run toward $100,000 looks “realistic”, especially with a dovish Fed cut.
Downside: If markets reject current levels or the Fed disappoints, BTC could revisit the $88,000–$89,000 region. ^[17]

Michael van de Poppe (ZyCrypto): dip then rip?

Popular trader Michael van de Poppe, quoted by ZyCrypto, sketches an even more volatile idea for December: ^[18]

As long as $92,000 holds, BTC can grind higher.
If $92,000 is lost, he expects a “relatively harsh drop” into the $88,000–$90,000 area to clear out leveraged longs.
From there, he anticipates a renewed push to $100,000, with an upside target around $105,000 later this month if momentum persists.

Because liquidation clusters sit just below $90,000 and just under $100,000, his view is that the path of least resistancemay involve triggering both long and short liquidations before a sustained trend emerges. ^[19]

Cryptonews: resistance at $93K–$95K and the 50‑week SMA

In its “Why Is Crypto Up Today?” column, Cryptonews’ Nic Puckrin describes BTC’s move as a “remarkable recovery”but underlines that price is now testing a key resistance band between $93,000 and $95,000. He singles out the 50‑week simple moving average (SMA) near $102,000 as a long‑term level to watch, with: ^[20]

$82,000 as major downside support, and
Around $89,000 as the average cost basis for spot‑ETF buyers, which bulls will want to defend to keep sentiment constructive.

BeInCrypto: mixed on‑chain signals and a looming bear flag

BeInCrypto takes a more guarded stance in its December BTC outlook: ^[21]

November saw over 17% losses and net ETF outflows of about $3.48 billion,
On‑chain data shows whales and long‑term holders still distributing, sending coins to exchanges, and
Chart structure suggests BTC recently slipped below the lower band of a bear‑flag pattern.

Their technicians highlight:

$80,400 as a fragile rebound zone and “last defensive floor,”
$97,100 as the resistance that must be reclaimed to invalidate the bear flag, and
A potential extension down toward $66,800 if the pattern fully plays out over a longer timeframe. ^[22]

CoinDCX and Changelly: model‑driven upside vs. timeframe conflicts

In a weekly forecast, Indian exchange CoinDCX says BTC is currently consolidating near $94,900 after a sharp intraday sell‑off and could climb to around $96,100 in the next 24 hours if buyers remain in control. Its longer‑term price models even allow for a December finish between $112,000 and $116,000, assuming sustained ETF inflows, a friendlier macro backdrop and a renewed return of market confidence — though it warns that volatility remains a major hurdle. ^[23]

Price‑prediction site Changelly, meanwhile, underscores the timeframe contradictions in BTC’s trend: ^[24]

On the four‑hour chart, Bitcoin appears bullish, with a rising 50‑day moving average.
On the daily chart, the picture is bearish, with the 50‑day MA sloping down above price and the 200‑day MA also falling.
On the weekly timeframe, the long‑term trend still looks constructive, as the 200‑day MA has been rising since May 2025.

Forex.com and CoinDesk: battle lines in a mid‑cycle reset

A BTC/USD commentary from Forex.com describes around $92,975 as the intersection where BTC’s corrective rally has “paused,” effectively making this area the near‑term battleground between bulls and bears. ^[25]

At the same time, a CoinDesk report argues that Bitcoin’s roughly 18% three‑month slide is less a new “crypto winter”and more a mid‑cycle reset in an institutionally anchored bull market, reflecting the shake‑out of leverage and speculative excess rather than the end of the cycle. ^[26]

Beyond the charts: structural trends and expert views

Academic and on‑chain experts converge on one point: whatever happens in December, crypto isn’t going away.

Northeastern University professors Ravi Sarathy and Alper Koparan emphasise that Bitcoin’s fixed 21‑million‑coin cap, lack of attachment to any single national currency and relatively light regulation almost guarantee large price swings as investors speculate and use leverage. Yet they also note that in about 15 years, BTC has gone from near zero to well over $100,000, and even today’s pullback to around $91,000–$93,000 leaves its long‑term trajectory “pretty amazing” in historical context. ^[27]

On‑chain analytics firm Glassnode, cited by CoinDesk, shares this structural perspective, describing the recent drawdown as part of a Bitcoin‑led, institutionally anchored cycle rather than the bursting of a speculative bubble. 99Bitcoins adds that BTC briefly dipped below its estimated Metcalfe‑law network value during November’s reset — a signal that, historically, has tended to appear near the late stages of washouts when leverage has largely been cleansed from the system. ^[28]

However, not all on‑chain data agrees. BeInCrypto’s December report points out that whales and long‑term holders are still sending coins to exchanges, hinting at ongoing distribution and the risk of further downside if selling accelerates. That stands in contrast to CryptoPotato’s observation of multi‑year lows in exchange reserves and InvestX’s thesis of aggressive institutional accumulation — a reminder that timeframe, data source and methodology can produce very different narratives from the same blockchain. ^[29]

On the regulatory front, the UK’s new digital‑asset law gives cryptocurrencies clearer status as property under English law, potentially making it easier for investors to establish ownership or seek redress in fraud cases. ^[30]Northeastern’s experts, meanwhile, highlight how changes in US regulatory tone and political leadership have already opened the door to spot Bitcoin ETFs and deeper institutional participation — even if those same institutions sometimes exit en masse during risk‑off episodes. ^[31]

Bitcoin price outlook for December 2025: scenarios and risks

Putting all of today’s news and analysis together, a rough consensus emerges around three broad scenarios:

Bullish case:
If ETF inflows stay positive, Vanguard’s and Bank of America’s policy shifts keep new institutional money coming in, and the Fed delivers a dovish cut next week, several analysts see room for BTC to retest $100,000 and potentially move into a $105,000–$116,000 range by month‑end. This upside band is suggested by van de Poppe’s $105K target and CoinDCX’s model‑driven projections of $112K–$116K, both of which assume favourable macro and strong ETF demand. ^[32]
Base case (repair phase):
Crypto.news, Cryptonews and BeInCrypto all emphasise a “repair phase” scenario in which BTC spends much of December oscillating between roughly $88,000 and the mid‑$90,000s, digesting November’s crash while ETF flows, Fed policy and on‑chain sentiment slowly reset. This view sees less chance of an immediate melt‑up or collapse and more probability of choppy consolidation. ^[33]
Bearish case:
If the FOMC meeting disappoints markets, ETF flows turn negative again or whales accelerate selling into strength, BeInCrypto’s bear‑flag structure and CoinDesk’s cycle analysis leave room for deeper retests of the low‑$80,000s, and in a more severe shake‑out, even the high‑$60,000s before a durable bottom forms. ^[34]

Across these scenarios, a handful of levels keep coming up:

$80,400–$82,000 – the “must‑hold” area that multiple analysts say BTC cannot lose for long without risking a deeper cycle correction. ^[35]
$88,000–$90,000 – near‑term support zone eyed in both Crypto.news and van de Poppe’s frameworks. ^[36]
$93,000–$95,000 – immediate resistance band now being tested, overlapping prior price congestion and short‑term trendline resistance. ^[37]
$100,000–$102,000 – psychological milestone and home to the 50‑week SMA, which Puckrin calls a key line in the sand for the larger bull trend. ^[38]

How BTC behaves around these zones over the next 7–10 days, especially as traders digest the FOMC decision and incoming macro data, is likely to determine whether today’s surge is the start of a new leg higher or just another sharp rally within a broader corrective phase.

What traders are watching next

Heading into mid‑December, market participants are laser‑focused on three storylines:

The December 9–10 FOMC meeting
Futures markets are heavily pricing a 25‑basis‑point cut. A more dovish tone or hints of a 2026 easing cycle could turbo‑charge risk assets; a surprise pause or hawkish messaging could quickly cool BTC’s rally and send price back toward the high‑$80,000s. ^[39]
Spot‑ETF flows and the “Vanguard effect”
Analysts will watch daily ETF flow data closely to see whether Tuesday’s $58.5 million in net BTC‑ETF inflowsis the start of a new streak now that Vanguard’s 50‑million‑strong client base can access funds like BlackRock’s IBIT. Persistent inflows would support the bullish narrative of an institutionally driven cycle. ^[40]
Ethereum’s Fusaka upgrade and broader crypto risk appetite
With Ethereum’s Fusaka hard fork going live and pushing ETH back above $3,000, upgrades on the smart‑contract side of the market could boost overall risk appetite if they proceed smoothly, potentially amplifying moves in Bitcoin as traders rotate between BTC, ETH and high‑beta altcoins. ^[41]

A final word of caution

For both traders and long‑term holders, the overarching message from today’s research is that volatility is back and the range of possible outcomes is unusually wide. Even the most sophisticated models are contingent on moving targets: ETF flows, central‑bank policy, regulatory shifts and on‑chain behaviour can all change in a matter of days.

This article is for informational purposes only and does not constitute investment, tax or legal advice. Bitcoin and other cryptocurrencies are highly volatile and risky. Never invest more than you can afford to lose, and consider speaking with a licensed financial professional before making investment decisions.