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Bitcoin (BTC) price has rallied above $89k on Monday, signaling renewed bullish momentum. The flagship coin flipped bullish amid the last week of November, after a series of heavy liquidations of long traders in the past four weeks.

Robust Fundamentals Favor Bullish Outlook for Bitcoin Price

Traders expect a Fed rate cut in December amid rising global liquidity 

The Bitcoin price is well-positioned to continue rallying in the coming days and weeks, fueled by a supportive macroeconomic backdrop. Polymarket and Kalshi traders have increased their bets for a 0.25% Fed rate cut in December 2025.

The odds of a 25 bps Fed rate cut next month surged to around 80% after New York Fed President John Williams signaled his openness to a cut. Moreover, New York is a major financial and economic hub in the United States and is a sign to many traders that the inner circle for Chair Jerome Powell may be supporting the move in the next meeting.

Meanwhile, crypto traders are expecting the upcoming Fed’s Quantitative Easing (QE) to increase the overall cash inflows amid rising global money supply.

Rising global economic activities 

The midterm outlook for Bitcoin will likely remain bullish, fueled by rising global economic activity amid strong crypto-conviction from institutional investors. 

Notably, the global economic activities have significantly recovered since China and the United States buried their hatchet. On Monday, U.S. President Donald Trump and President of the People’s Republic of China Xi Jinping reaffirmed the countries’ commitment to the recently forged bilateral ties.

“Our relationship with China is extremely strong! This call was a follow up to our highly successful meeting in South Korea, three weeks ago,” the White House noted.

Highly convinced institutional whale investors 

BTC price is likely to explode towards a new all-time high amid rising demand from highly convinced whale institutional investors. Michael Saylor, co-founder of Strategy, reiterated the company’s strong financial position to hold and purchase more Bitcoins backed by highly liquid investors.

What’s Next?

From a technical analysis standpoint, the BTC/USD pair is on the cusp of registering a parabolic move towards a new all-time high akin to gold in the past few months. Moreover, the stablecoins supply has been rising in the recent past, signaling notable buying pressure.