Bitcoin is trading above $93,160 as two bullish chart formations converge to signal potential upside momentum. Analyst Kamile Uray notes a confirmed breakout from a Cup & Handle pattern targets $104,000 on the 4-hour chart. Crypto VIP Signal reports Bitcoin's move past $90,000 validates an Inverse Head and Shoulders reversal pattern, with $95,000 marking the next technical level.

Investor Kevin O'Leary stated he does not anticipate a US Federal Reserve rate cut in December and believes such action would have minimal effect on Bitcoin's valuation. The CME FedWatch Tool shows an 89% probability of a December rate reduction, according to market data. O'Leary maintains Bitcoin will likely fluctuate within 5% of current levels.

Strategy has sharply reduced its Bitcoin acquisition activity, falling from 134,000 BTC monthly in 2024 to just 135 BTC in December 2025, according to CryptoQuant analysis. The company has set aside a $1.4 billion cash reserve to cover dividends and debt obligations, providing at least 12 months of financial runway. Bitcoin currently trades near $92,300, closely aligned with estimated production costs.

Bitcoin is trading just above its True Market Mean cost basis, with over 25% of circulating supply now underwater. The price structure mirrors conditions seen in early 2022. Net capital inflows remain positive at $8.69 billion monthly but significantly below July's $64.3 billion peak, according to Glassnode data.

Bitcoin climbed back toward $93,000 after traders lifted December Federal Reserve rate cut probabilities into the mid-to-high 80% range and the dollar posted its ninth consecutive daily decline. Market attention has also shifted to potential successors for Fed Chair Jerome Powell, whose term concludes in May 2026, with former Coinbase advisor Kevin Hassett emerging as a leading candidate, according to Reuters.

Strategy, which holds 650,000 BTC, is considering Bitcoin lending services that may provide inventory to hedge funds shorting its reserves. CEO Phong Le confirmed discussions with banks on Dec. 2, shifting the firm from passive custody to active credit operations. The move introduces counterparty risk and could compress the company's stock premium to net asset value.

Crypto analyst Michael van de Poppe projects Bitcoin could reach $105,000 this month, though a correction to $88,000–$90,000 may occur first. Bitcoin recently recovered to $94,000, liquidating short positions and renewing interest in the $100,000 threshold. Van de Poppe suggests that while a direct rally above $92,000 is possible, current market sentiment makes a pullback more likely before sustained upward momentum.

Strategy, the largest corporate Bitcoin holder, reduced its acquisition to 9.1K BTC in November 2025, down 93% from 134.5K BTC purchased in November 2024, according to CryptoQuant data. Through early December 2025, the company acquired just 135 BTC, marking one of its slowest buying periods in recent years. The decline follows a consistent downward trend throughout 2025, with monthly purchases falling from 59.7K BTC in December 2024 to current levels.