As of December 7, 2025, the overall cryptocurrency market is experiencing intense volatility and short-term pressure. Bitcoin’s price has been seesawing near key psychological levels, with market trading volume shrinking significantly and fierce competition between bulls and bears. However, there are signs that market sentiment has shifted from extreme pessimism to cautious optimism, and the long-term bullish macro logic remains intact.

Market Prices and Sentiment

Price Performance: After a sharp decline in early December, the market stabilized and rebounded, with Bitcoin’s price once climbing above $93,000. However, it subsequently pulled back again, and as of the morning of December 7, the price was fluctuating around $89,000, having briefly fallen below this threshold. This indicates that the market still faces significant pressure above key resistance levels.
Sentiment Shift: Despite price pressure, there has been a positive change in market sentiment. According to a survey by the on-chain prediction platform Myriad, as of December 3, only 7.5% of users held a pessimistic view of the market, a significant drop from 30% on November 28, suggesting that market panic has eased.
Technical indicators show the market is in a complex consolidation phase. The daily Relative Strength Index (RSI) has rebounded from deeply oversold territory, but the Moving Average Convergence Divergence (MACD) remains below the zero line, indicating that the market has not yet fully escaped bearish pressure.

Macro Drivers

Current market volatility is closely tied to expectations for Federal Reserve monetary policy. The market generally expects the Fed to cut rates at its December 9–10 policy meeting. According to CME FedWatch tool data, the probability of a rate cut in December has risen to about 87%. This dovish expectation is a key variable influencing market sentiment.
Overall, the current crypto market is at a critical crossroads. In the short term, the market is likely to fluctuate within the $85,000 to $95,000 range. Shrinking trading volumes and frequent liquidations reflect market fragility.
In the long term, structural forces such as macroeconomic shifts, improved regulatory environments, deepening technological innovation, and institutional capital inflows provide solid fundamental support for the market. JPMorgan even predicts that Bitcoin could rise by 84% in the next 6 to 12 months, reaching $170,000.
Therefore, while investors should pay attention to short-term price fluctuations, they should also focus on these long-term trends to assess the market from a more comprehensive perspective. #十二月行情展望 #十二月降息预测 #加密市场观察