Bitcoin Rally Stalls Again: What Traders Should Expect Next

Bitcoin’s latest rebound hit resistance at $92,000, where the rally once again lost steam. Volatility is at cycle lows, ETF inflows are weak, and traders appear positioned for a tight trading range rather than a major breakout. Data from 10x Research shows price rolling over at the top of the recent range, reinforcing a lack of conviction.

The previously highlighted $70K put – $100K call short straddle has performed well, dropping in value from $2,279 to $1,036. But with implied volatility collapsing, the same trade now yields far less — from about 31% to 12% annualized. 10x Research still expects Bitcoin to stay between $70,000 and $100,000 through year‑end.

Macro risk is centered on the December FOMC meeting, where any rate cut is expected to be a “hawkish cut”, unlikely to fuel risk assets. Meanwhile, renewed Tether FUD has resurfaced; analyst Crypto Rover notes these cycles historically coincide with Bitcoin market bottoms as panic‑selling provides accumulation opportunities.

While the recent decline is mild, momentum is clearly fading. Weak flows, low volatility, and monetary uncertainty suggest the bounce is more corrective than impulsive. The market remains stuck between suppressed rallies and lackluster selling pressure, creating a structural stalemate.