Bitcoin’s Next Move: What You Need to Know Before You Lose Your Shirt

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Well, folks, it looks like Bitcoin has decided to take another nosedive, dropping below $90,000 like that awkward moment when you forget someone’s name at a party. Now, everyone’s scrambling to figure out what’s next for the big, bad crypto beast. The market’s in a bit of a tizzy, with major events looming this week and investor sentiment firmly planted in the “meh” zone. Enter MarcPMarkets, the crypto analyst with a knack for explaining why we’re all so addicted to watching these price swings. Let’s dive in.

The Bearish And Bullish Scenarios

MarcPMarkets has laid out the possibilities for where Bitcoin might go next, like a fortune teller without the crystal ball but with an impressive chart collection. The key level? The $93,500 mark. Why? Because that’s the point where Bitcoin failed to reclaim any glory, like a runner tripping right before the finish line.

So, Bitcoin’s dropped below $90,000 (again), and now all eyes are on $88,000. Bulls, if you’re still out there, it’s time to tighten up the defenses. If that level cracks and Bitcoin plunges even lower, brace yourselves: another $10,000 drop could be on the horizon. After that, the $78,000 zone will likely be the next support, where Bitcoin might catch its breath and go, “Okay, maybe I can start going up again.” Maybe.

But hold on to your wallets! If the price decides to pull a 180 and turn bullish, there’s a major resistance point at $95,000. If Bitcoin breaks through that like a wrecking ball (and yes, you’re allowed to imagine Miley Cyrus here), then the market could get its mojo back, and the bearish nightmare will be officially over. But, of course, nothing’s ever that simple in crypto.

If the bulls start to take over, the next target is $105,581, then $113,213, and finally $120,850. But don’t get too comfortable, because once Bitcoin hits that final mark, it could be game over for the upward momentum. Gotta love that sense of unpredictability, right?

Developments That Could Affect The Bitcoin Price

It’s not just about the price action, though. There are also some potentially game-changing events this week that could make Bitcoin either soar like a majestic eagle or crash like an eagle that didn’t realize it was in a windstorm. First up: the FOMC meeting. The Federal Reserve is about to make some big decisions that could send ripples through all markets, including crypto. If they come out with a dovish stance (you know, all friendly and “let’s not rock the boat”), expect Bitcoin to possibly start creeping up again, like a cat cautiously approaching a cozy chair.

But wait, there’s more! Quantitative tightening ended in December, meaning the Fed is now in a phase of quantitative easing, a fancy way of saying, “Let’s pump some money into the system!” And guess what? This is generally good news for risky assets like Bitcoin. So, if all goes according to plan, Bitcoin could see a little more upward momentum, and who knows-maybe the market will start dancing again.

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2025-12-08 21:53