Daijiworld Media Network - Mumbai

Mumbai, Nov 27: In a promising turn for the crypto market, Bitcoin traded just above $90,323 at 12:00 a.m. on November 27, marking a steady recovery in sentiment ahead of crucial US macroeconomic indicators and renewed expectations of a Federal Reserve rate cut in December. The digital asset had earlier dipped to $86,230 within the last 12 hours.

According to data from the CME FedWatch Tool, the probability of the Fed cutting interest rates by 25 basis points to 3.50–3.75% at its December meeting has surged to 85.3%, up sharply from 50.1% recorded just a week earlier.

Market experts say Bitcoin’s next movement hinges heavily on upcoming US economic readings.

“For now, the focus remains on macroeconomic data like jobless claims, PCE, and GDP figures. Any positive surprises could help BTC move past the resistance at $91,400, while $85,800 acts as immediate support,” said Edul Patel, CEO of Mudrex.

Bitcoin previously soared to $126,000 in October, during the market's peak rally phase. Its lowest point this year was in April 2025, when the price hovered near $75,000.

With $14 billion worth of Bitcoin options set to expire this Friday, analysts predict heightened volatility in the coming days as traders brace for major market swings.