Price Action and CME Outage Impact
Bitcoin (BTCUSDT) saw heightened volatility on Friday, spiking to around $93,000 before dipping to a daily low near $90,200, largely influenced by the CME Group trading outage.

Bullish Outlook into December
Analysts at BTIG suggest BTC is well-positioned for a rebound toward $100,000 this December. Historically, Bitcoin tends to bottom around November 26 and strengthen into the year-end. The recent sell-off pushed BTC’s daily RSI into oversold territory, setting the stage for potential recovery.

Institutional Buying Pressure
The Coinbase BTC Premium index turned positive on Friday after a prolonged negative phase. Historically, a positive premium is associated with institutional buying and bullish momentum, signaling strong support for upward price action.

Macro Tailwinds: Fed QE and Rate Cut Expectations
Bitcoin’s upside may also be fueled by anticipated Federal Reserve actions:

• The Fed is expected to kickstart Quantitative Easing (QE), injecting fresh liquidity into markets.
• Polymarket traders assign an 87% probability to a 25-bps rate cut in December, which could further drive capital inflows to Bitcoin.

Outlook
With institutional demand, a potential Fed rate cut, and a historical seasonal rebound, BTC appears poised for a recovery toward $100K—though short-term volatility remains a factor.