Posted by Saibroid — 08 Dec 2025
Bitcoin is showing signs of recovery today, trading above $91,000 after last week’s drop. This rebound is attracting renewed attention from traders and investors, as many look for opportunities in both short-term and long-term trades.
Why BTC Is Rising Today
- Weaker U.S. Dollar:
A softer dollar is making Bitcoin more attractive. When the dollar weakens, traders often move into crypto and other risk assets to preserve returns. - Fed Rate Cut Hopes:
Investors are anticipating a possible rate cut by the Federal Reserve. Lower interest rates often drive demand for Bitcoin because it becomes more appealing compared to low-yielding traditional assets like bonds or the dollar. - Market Sentiment Improving:
After last week’s heavy sell-off, some traders who bet against BTC (short positions) were forced to close their trades, pushing the price higher. This “short squeeze” has helped fuel the rebound.
What Traders Should Watch
Despite the recovery, Bitcoin is still volatile. Traders should keep a close eye on key support and resistance levels:
- Support: $88,000 – $90,000
- Resistance: $94,000 – $96,000
A sustained break above $96K could signal a stronger bullish trend, while a drop below $88K may trigger another wave of selling.
Market Outlook
- Short-term: BTC may continue to bounce as the market digests news about the Fed and the dollar. Traders should use proper risk management and avoid overexposure.
- Medium-term: If interest rate cuts happen and demand for crypto grows, BTC could attempt to revisit $100K.
- Volatility Warning: Even in a rebound, sudden swings are common. Patience and discipline are key for traders navigating this market.
Takeaway for Nigerian and Global Traders
Bitcoin remains one of the most exciting and volatile assets. For traders in Nigeria and globally:
- Focus on key levels and risk management.
- Avoid emotional trading; let market signals guide your decisions.
- Stay updated on central bank announcements, as they heavily influence BTC movements.
Learn How to Trade BTC Smartly
If you want clear daily setups, simple strategies, and market insights, join our iTrade program. Learn how to trade Bitcoin and Forex confidently, even as a beginner.
👉 Start your trading journey the smart way. Learn, practice, and grow with guidance.
