Bitcoin Stabilizes Above $90,000 as Bulls Eye $100,000 Breakout

Bitcoin Resets Above $90,000, but Can Bulls Keep the Momentum?

Bitcoin recovered after recently falling to $80,000. But now that things have stabilized, bullish traders are betting that it will retake the $100,000 mark.

Bitcoin is setting its sights on $100,000 again

(ChatGPT)

Posted December 5, 2025 at 11:03 am ET.

Key Takeaways:

BTC reclaimed its long-term uptrend after flirting with key support in late November.
RSI, Bollinger Bands, and MACD now show momentum shifting from bearish to neutral.
Options markets are heavily skewed toward calls at $100,000 and above for December expiry.
Sentiment gauges and leveraged washouts suggest room for upside, though risks remain.

A couple of weeks ago the sky was falling. Bitcoin threatened to tumble below $80K on Nov. 21, and concerns about poor market liquidity and limited external stimuli made some analysts wonder if a drop to the $50-$60K range might be in the cards.

Well not anymore, and it appears that Bitcoin was rescued by a very unlikely white knight: $11 trillion investment manager Vanguard. Yes, the same Vanguard whose former CEO Tim Buckley said in March 2024 that bitcoin “does not belong in a long-term portfolio” and it’s “not a store of value.”

The investment giant changed its tune on Tuesday with the announcement that it will now allow clients to buy ETFs tracking bitcoin, ether, solana, and XRP. What’s more, Bank of America, which is making plenty of inroads into the crypto industry itself, will now let wealth managers recommend up to a 4% allocation in crypto.