Bitcoin (BTC) is currently trading above the $91,000 mark as December unfolds—a month traditionally known for significant price increases in Bitcoin. At the time of writing, BTC is valued at approximately $91,379, as per data from Brave New Coin. Traders are observing whether seasonal trends, alongside a favorable equity market sentiment, will bolster a more robust recovery.
The cryptocurrency”s stability above $91K is notable, particularly as it occurs during a weekend characterized by typically low trading volumes. Weekend trading often results in increased volatility due to diminished participation from institutional investors. As Bitcoin approaches major resistance levels, the well-known Sunday pump trend appears to be reemerging.
Analyst Ted (@TedPillows) remarked on this familiar pattern, stating, “BTC is moving into a major resistance zone again… It seems like the Sunday pump has started.” Recent order-book analysis on Binance indicates that Bitcoin”s weekend price movements have exhibited notable liquidity spikes that often reverse once standard market operations resume. A 2019 USENIX study, which evaluated over 400 coordinated pump events, found that abrupt weekend price surges typically diminish as trading volumes stabilize on Mondays. This recurring trend, noted in 2024–2025, has prompted discussions among traders regarding whether the current uptick signifies healthy accumulation or merely another temporary liquidity event.
Despite this price resilience, overall market sentiment remains cautious. The Fear & Greed Index currently registers at 28, reflecting ongoing wariness following a 30% price correction earlier this quarter. However, analysts from Glassnode highlight the absence of “cycle-top signals”—such as excessive funding, overheated leverage, or steep spot premiums—indicating that the market could still have potential for recovery if trading volumes increase.
As December begins, seasonality plays a critical role in market dynamics. Analyst Ted further noted that “BTC usually pumps after Thanksgiving,” driven by factors such as holiday liquidity inflows, tax strategies, and end-of-year portfolio adjustments. Historical data shows that Bitcoin often experiences surges of 10% to 20% in December, particularly when stock markets perform well.
Long-term statistics from TradingView and Glassnode reinforce this perspective, revealing that from 2010 to 2024, Bitcoin achieved average gains of approximately 20% to 22% in December, with several exceptional years. However, this trend is not guaranteed; for instance, December 2018 witnessed a sharp 37% drop amid tightening macro liquidity and increased market risk aversion.
The current macroeconomic environment presents a mixed picture. The S&P 500 concluded November with gains of about 2% to 3%, according to Bloomberg data. Historically, robust performance in equities correlates with a heightened risk appetite in digital assets, potentially aiding Bitcoin and major Bitcoin exchange-traded funds (ETFs) in attracting capital inflows. ETF flow data from Farside Investors indicates a gradual yet consistent inflow into leading Bitcoin products from firms like BlackRock and Fidelity throughout November.
Analyzing the recent price movements of BTC reveals signs of controlled accumulation, as the price has maintained a narrow range between $90,278 and $91,510. This price stability, along with a market cap hovering around $1.82 trillion, suggests that buyers are slowly regaining confidence following a period of heightened volatility. While Bitcoin remains above $91K, it faces significant resistance in the $92K to $93.5K range, which must be breached to affirm a definitive trend reversal.
TradingView analyst dgfacpe pointed out that recent intraday volume profiles indicate steady buying activity in lower price ranges, supporting BTC”s consolidation phase. Nonetheless, major resistance levels persist, particularly in the $93,000 to $93,800 zone, which has thwarted upward moves, as evidenced by a notable rejection at $93,091 earlier in the week. For Bitcoin to transition from recovery to a confirmed reversal, reclaiming the $92,000 to $93,500 area from early November is essential. Until this occurs, the market structure remains cautiously constructive, leaving it vulnerable to potential pullbacks.
As December progresses, Bitcoin enters the month with a tempered sense of optimism, bolstered by persistent demand in the $90,000 range and a series of higher lows that indicate a strengthening trend structure. Supportive ETF inflows and broader improvements in equity markets could facilitate Bitcoin”s historical December performance. While the market appears to be finding its footing, traders remain alert to shifts in macroeconomic conditions.
Currently, Bitcoin is trading at about $91,379, reflecting a 0.73% increase over the last 24 hours. However, the cryptocurrency must navigate several crucial technical and psychological barriers before launching into a new rally. A breakout above $93,500 is vital for confirming short-term bullish momentum. Without this breakout, BTC may remain within its current range or risk retreating toward support at $88,000. For now, disciplined accumulation, coupled with improving market sentiment, supports a gradual upward movement, although volatility could resurface as year-end trading intensifies.
