Bitcoin price prediction: BTC to sustain two-day rally as buyers reclaim short-term control

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Sholanke Dele

03.12.2025

Bitcoin price prediction: BTC to sustain two-day rally as buyers reclaim short-term control — BTC targets $100k if momentum holds

Bitcoin price has advanced strongly for the second consecutive session as today’s trading builds on Tuesday’s rebound.

Today is Wednesday, December 3rd, and price action through the Asian session has carried the momentum from the prior day forward. Tuesday produced a sharp surge of more than 7% to $92,350 on rising volumes. That move erased the December 1st decline and created a bullish daily order block that also qualifies as a bullish engulfing candle. The two-candle bullish reversal structure signals a shift from bearish pressure to clear buying strength at the start of the month.

- Bitcoin records gains for a second straight day, as bullish reversal signals buying strength.

- Declining volumes caution traders despite EMA crossover confirming trend shift toward bullish bias.

- RSI approaching bullish territory supports continued recovery if price holds $92,000.

Bitcoin began December on a heavy note after an initial selloff, but the bullish engulfing formation has shifted both week-to-date and month-to-date readings into positive territory. This new trajectory set the tone for today’s European session, where Bitcoin trades at $93,800 and holds an intraday gain of 2.66%. Price has crossed above last week’s high and is approaching the $94,000 area as the week-to-date gain edges closer to 4%. The advance has also lifted price above the 20-day EMA at $92,000. A break above that EMA places emphasis on the need for today’s gains to hold above that level so that the broader bullish bias can stretch toward the $100,000 psychological barrier.

Bitcoin price dynamics (Sept - Dec 2025). Source: Tradingview

A closer view on the 4-hour chart shows that today’s advance has not been supported by rising volumes. Instead, the chart reflects declining volume participation and a long-to-short ratio that has stayed sideways rather than rising. These conditions introduce the risk of a near-term pullback because buyers are not confirming the move through stronger participation. This makes the EMA level an important threshold for sustaining the current recovery.

20-day EMA becomes key support level to sustain Bitcoin’s rally above $92,000

Further technical context comes from the 20 EMA crossing above the 50 EMA on the 4-hour chart. The crossover occurred around $89,500 near the $90,000 region. This crossover is interpreted as a golden crossover that indicates a shift in trend from bearish to bullish. The proximity of the crossover to the $90,000 zone presents this area as a near-term support region that could attract a rebound if price retraces from current highs.

Bitcoin’s daily RSI is on the verge of shifting into bullish territory. The shift depends on whether today’s intraday gains expand further. A successful shift would provide additional confirmation of the ongoing recovery. Failure to achieve that shift would leave the RSI at equilibrium, which signals indecision among traders and raises the probability of a downturn led by stronger selling pressure.

In recent analysis, we discussed how Bitcoin staged a recovery from Monday’s low of $83,000. Exchange withdrawals of $72.88 million signaled rising self-custody preference as EMAs confirmed resistance near $90,000.

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