Bitcoin suffered a sharp price drop earlier this month, dropping to the $82,000 level for the first time since April 2025. Bitcoin then quickly recovered and regained the $91,000 level. However, BTC seems to be settling around the $91,000 price level. According to Bitcoin data from CoinGecko, BTC is up 10.4% in the last week, but is flashing red in other time frames. The original cryptocurrency has fallen 0.3% in the past 24 hours, 5.8% on the 14-day chart, 19.3% month-over-month, and 3.7% since late November 2024. Let’s discuss whether the crypto market will enter a consolidation phase, face a correction, or continue to rise.
With Bitcoin integration, where will the crypto market go next?
Cryptocurrency markets soared earlier this week after the possibility of another interest rate cut in December was rekindled. A large amount of money has flowed into not only virtual currencies but also the stock market. Bitcoin (BTC) price growth appears to have slowed after recently rising from the $82,000 price level. Investors may be enjoying the Thanksgiving holiday and ignoring the market for now.
Cryptocurrency markets are likely to continue their correction phase over the next weekend before showing some movement on Monday. December could bring new volatility, and Bitcoin (BTC) could see some price movements. If investor sentiment remains bullish, BTC’s rally could continue. If the Fed gives some confirmation of further rate cuts, we could be back in a bullish phase. However, if the Fed decides to keep interest rates on hold, the crypto market could enter a prolonged correction phase, if not face a correction.
According to CoinCodex analysts, Bitcoin (BTC) will gradually rise in the coming weeks and reach the $97,653 level on December 18th. The platform expects Bitcoin to then face a correction to around current levels.
