Bitcoin Price Today, December 5, 2025: BTC Holds Around $91K as Options Expiry, ETF Outflows and Fed Cut Bets Shape the Market

Bitcoin price today is trading just above $91,000, down roughly 2% over the past 24 hours, after a volatile week that has seen heavy derivatives activity, fresh spot ETF outflows and growing expectations that the U.S. Federal Reserve will cut interest rates next week. ^[1]

Below is a detailed breakdown of Bitcoin’s price today, the key levels traders are watching, and the latest short‑, medium‑ and long‑term forecasts published on December 5, 2025.

Bitcoin price today: BTC stuck in a tight $91K–$93K range

Across major data providers, Bitcoin (BTC) is consolidating in a relatively narrow band:

Spot price now: around $91,000–$91,400 per BTC, slightly in the red on the day.
24‑hour range: roughly $90,889 – $93,605, according to Binance’s market update for December 5. ^[2]
Recent daily range: Investing.com data for December 5 show an intraday high near $92,700 and a low just above $91,000, reinforcing the idea of tight consolidation. ^[3]

This sideways trading comes after a sharp correction from Bitcoin’s all‑time high near $126,000, set in early October. Several analysts now frame the current drawdown of roughly 25–30% as a textbook mid‑cycle correction rather than the start of a full‑blown bear market. ^[4]

Key technical levels to watch on December 5, 2025

Multiple December 5 analyses converge on a similar technical picture: strong resistance above, fragile support below.

Resistance: $92,500 to $93,500

$92,500: DailyForex notes that Bitcoin continues to struggle with this area; an early Thursday rally faded right around this level, leaving BTC “capped” and reinforcing it as both resistance and a price magnet. ^[5]
$93,200–$93,500: Coinspeaker and IndexBox both highlight this zone as the neckline of a descending structure from November’s highs. Bulls need to clear roughly $93,200 to break the pattern of lower highs and invalidate the short‑term downtrend. ^[6]
Earlier this week, a MarketPulse note pointed out that reclaiming $93,000 was a major milestone, briefly pushing BTC up over $93,000 in a 6.6% daily jump – but that move failed to evolve into a sustained breakout. ^[7]

Support: $91,000 and $90,000

$91,000: Coinspeaker describes this as a “crucial support” level that Bitcoin has tested again today. A clean break below opens the door to $90,000–$90,500 as the next downside zone. ^[8]
$90,000–$90,500: IndexBox echoes that a drop under $91K would likely expose this pocket of support, while any bounce that fails below $93,200 keeps the broader corrective pattern intact. ^[9]

In short: today’s battle lines are drawn between roughly $91,000 on the downside and $92,500–$93,500 on the upside. A decisive move outside this band is likely to set the tone into the weekend.

Derivatives, liquidations and ETF flows: heavy positioning under the surface

Price action today is being shaped as much by derivatives and ETF flows as by spot buyers and sellers.

$3.4B in options expiry

A widely cited Coinspeaker report notes that around $3.4 billion in Bitcoin options are expiring on December 5. The article stresses that bulls have managed a roughly 10% rebound from weekly lows near $84,000, but must break above $93,200 to confirm an uptrend. ^[10]

If BTC were to slip decisively below $91,000 around the expiry window, the same analysis warns of a potential slide toward the $90,000–$90,500 support band as out‑of‑the‑money calls lose value and hedging flows turn more defensive. ^[11]

Futures and liquidations

CoinGape’s December 5 market wrap highlights how this week’s sell‑off has driven a wave of liquidations and de‑leveraging:

Total crypto liquidations over the last 24 hours top $250–280 million, with long positions taking the bulk of the damage. ^[12]
Bitcoin alone has seen tens of millions in long liquidations in the past day, while futures open interest has shrunk, signaling that traders are cutting risk. ^[13]

This clean‑up of excess leverage is one reason some analysts see the current dip as a potential reset rather than a collapse.

ETF outflows

At the fund level, spot Bitcoin ETFs are flashing caution again. The Block reports that U.S. spot ETFs saw about $195 million in net outflows in their worst daily redemption spike in two weeks, with trading volumes sliding from over $5 billion on Tuesday to about $3.1 billion by Thursday. ^[14]

Taken together, this paints a picture of a market that is offloading leverage and seeing some institutional profit‑taking, but not yet experiencing panic‑level outflows.

Macro backdrop: Fed cut bets and inflation data in focus

Beyond crypto‑native flows, macro economics is setting the broader context for Bitcoin’s price today.

CoinCentral’s December 5 daily market update notes that Bitcoin has been trading in a $92,000–$94,000 range going into Friday’s release of the U.S. core PCE inflation report, the Fed’s preferred gauge. ^[15]
Futures markets now price in an ~87% probability of a quarter‑point Federal Reserve rate cut on December 10, a figure echoed both by CoinCentral and TradingView’s macro commentary. ^[16]

A meaningful downside surprise in inflation could:

Push U.S. Treasury yields lower,
Weaken the dollar,
Give Bitcoin the macro tailwind it needs to break out above the $93K–$94K ceiling.

Conversely, a hotter‑than‑expected print or a more hawkish Fed tone next week could extend the corrective phase and validate the more cautious price targets some analysts are floating.

What analysts are saying today about Bitcoin’s next move

Short‑term technical outlook (today to the next few days)

DailyForex – cautious, watching a potential double bottom
DailyForex describes Bitcoin as “struggling with the idea of going higher”, with every attempt to rally being sold into near $92,500. The author notes the possibility of a double‑bottom pattern, but stresses that clear confirmation is still lacking and that recent heavy selling continues to weigh on sentiment. ^[17]

LiteFinance – Elliott wave target near $98,000
LiteFinance’s Elliott Wave‑based “Short‑Term Analysis for BTCUSD” for December 5 sees current price action as part of a complex corrective wave, but expects a near‑term push higher:

Suggested long entry: around $91,915
Target: approximately $98,375, where the analyst expects the current linking wave to reach a Fibonacci‑derived objective. ^[18]

This scenario implies room for upside from today’s price, as long as support in the low $90Ks holds.

IndexBox – consolidation with a bearish tilt unless $93.2K breaks

IndexBox’s December 5 analysis situates Bitcoin around $92,000 within a descending structure that began after early‑November highs:

Another lower high near $93,500 keeps the short‑term downtrend intact.
A sustained break below $91,000 would likely expose $90,000–$90,500.
Bulls need to reclaim $93,200 to challenge the broader corrective pattern and open up the $98,000–$100,000 resistance zone. ^[19]

TradingView – between a potential squeeze higher and deeper washout

A TradingView brief notes that Bitcoin briefly pushed above $93,300, turning positive for the year before slipping back. The piece summarizes prevailing views as split between:

A liquidity grab toward $100,000–$107,000 before another leg lower, and
A more direct path down toward the $50,000–$75,000 area if liquidity remains thin and selling pressure returns. ^[20]

In other words, volatility clusters are still very much on the table.

Medium‑ and long‑term Bitcoin price forecasts

Several fresh forecasts and “big picture” pieces released this week, including December 5, sketch out where Bitcoin might be headed beyond today’s chop.

Coinspeaker’s structured forecast (2026–2035)

Coinspeaker’s comprehensive Bitcoin Price Prediction 2025–2035, updated December 3, offers a data‑driven roadmap:

Current price reference: about $92,000 with a 30‑day downtrend but positive weekly momentum. ^[21]
2026: average target around $105,000, with a range from roughly $99,000 to $112,000. ^[22]
2030: central scenario near $157,000, with optimistic cases over $200,000. ^[23]
2035: an average projection close to $190,000, with high‑end scenarios above $260,000. ^[24]

The report emphasizes that these are scenario‑based, not guarantees, and that crypto’s volatility can shift paths quickly.

Institutional and big‑name forecasts

The same Coinspeaker guide compiles a set of headline institutional calls:

J.P. Morgan: up to $170,000 by end‑2026, assuming leveraged froth is cleared and Bitcoin continues winning market share from gold. ^[25]
Standard Chartered: as high as $500,000 by 2028, tied to sustained institutional buying and adoption by large funds and sovereign actors. ^[26]
ARK Invest: about $710,000 by 2030, based on Bitcoin’s growing role in DeFi and potential adoption by central banks. ^[27]
Bitwise: up to $1.3 million by 2035 in their most bullish scenario, contingent on Bitcoin reaching around 5% of institutional portfolios. ^[28]

It’s worth stressing that these long‑term numbers are highly speculative and assume that the current bull‑market structure and institutional adoption trends remain intact.

Is the current drawdown “normal”?

CoinGape’s December 5 piece argues that the roughly 30% drawdown from Bitcoin’s all‑time high is very much in line with historical mid‑cycle corrections:

The article points to previous drops of 30–40% in 2024 and early 2025 that were ultimately followed by strong recoveries. ^[29]
It notes that Bitcoin dipped to around $80,000 in late November, briefly down ~26% from its $126,000 peak, before bouncing and then rolling over again this week. ^[30]

From this perspective, today’s price action near $91K is not unusual in the context of Bitcoin’s long history of violent but ultimately trend‑preserving corrections.

Market sentiment: fear still dominates, but panic is fading

The crypto Fear & Greed Index and related sentiment gauges show a market still dominated by fear, but off the most extreme lows:

CoinGape notes that the index has rebounded from “extreme fear” levels around 8 up to roughly 25, yet remains firmly in the fear zone. ^[31]
Binance’s own Crypto Fear & Greed Index page similarly shows a reading around 25 (“Fear”), with 20 and below classified as “Extreme Fear.” ^[32]

Other recent macro‑style analyses from exchanges and research firms emphasize that:

Extreme fear periods tend historically to line up with attractive long‑term entry points, but
They can also last much longer than expected, especially if macro data or policy surprises keep risk appetite low. ^[33]

In practical terms, today’s sentiment is cautious rather than euphoric: traders are wary after the latest leg lower, but the absence of cascading liquidations or massive ETF runs suggests that capitulation has not fully set in.

Scenarios for Bitcoin price over the coming days

Based on today’s December 5 analyses and fresh forecasts, here are the main scenarios traders are watching:

1. Sideways consolidation around $90K–$93K

BTC chops inside the current band, respecting $91K support and $92.5K–$93.5K resistance. ^[34]
Options expiry passes without a major gamma‑driven squeeze, and ETF flows remain modestly negative but not catastrophic. ^[35]
This would fit Coinspeaker’s and IndexBox’s view of a cool‑down phase after a parabolic move up, possibly setting a base for a later attempt at $100K+. ^[36]

2. Bullish break toward $98K–$100K

A soft inflation reading and a clearly dovish Fed message on December 10 trigger renewed risk‑on appetite. ^[37]
BTC clears $93,200–$93,500 with strong volume, invalidating the short‑term descending structure and targeting the upper resistance band around $98,000–$100,000, in line with IndexBox, LiteFinance and several macro commentators. ^[38]

3. Bearish extension toward $90K and possibly $80K+

A break below $91,000 activates downside targets in the $90,000–$90,500 region; if that fails, prior drawdown lows in the low‑$80Ks come back into view. ^[39]
Renewed ETF outflows or a sharp drop in risk assets more broadly could accelerate this scenario and lend weight to the more bearish forecasts calling for a $50K–$75K washout before any new all‑time high. ^[40]

Which path plays out will depend heavily on macro headlines over the next week, the reaction to options expiry, and whether buyers show up in size around the $90K line in the sand.

How traders and long‑term investors are positioning

Short‑term traders today are mostly:

Watching $91K support and $93K resistance for breakout or breakdown cues.
Monitoring liquidations and funding rates to gauge whether the de‑leveraging process is nearing completion. ^[41]
Considering tactical longs in the low $90Ks with stops below $90K, in line with some of the Elliott wave‑based long setups highlighted by LiteFinance. ^[42]

Long‑term investors, on the other hand, are looking at:

The historical pattern of 30–40% corrections within bull markets,
The continued narrative of institutional adoption and ETF inflows over the longer horizon, and
Long‑dated forecasts that still frame Bitcoin as structurally bullish into 2026–2035, despite short‑term turbulence. ^[43]

For many of them, Bitcoin around $90K–$92K is less a day‑trading entry and more a point in a multi‑year accumulation strategy – but that comes with substantial volatility risk.

Final note

Bitcoin price today on December 5, 2025 reflects a market in reset mode: leverage is being unwound, ETF flows are cautious, and macro uncertainty looms, yet structural narratives and long‑term forecasts remain predominantly bullish.

As always, this article is for informational purposes only and does not constitute financial advice. Bitcoin and other cryptocurrencies are highly volatile; never invest more than you can afford to lose, and consider consulting a qualified financial professional before making major decisions.