Bitcoin price is rising. Is this just the reflection of a dead cat?

Bitcoin price is rising again. Currently, 1 BTC costs just over USD 91,000, yesterday we were close to breaking through the USD 92,000 level. Is this just a reflection of a dead cat, or maybe – as I suggested in previous entries – the bull market continues.

The bitcoin price has broken through USD 91,000 and is currently still at this level.

Ether remains above $3,000. The ETH/BTC pair remains above 0.033 BTC.

Does this mean that the bull market continues? To confirm this, the bitcoin price would need to return above the key moving average that previously held the technical bull market.

Remember, however, that technical analysis is only an attempt to calculate probabilities. In the background – as I also emphasized on Bitcoin.pl – we are receiving good macroeconomic information. The Fed is scheduled to cut interest rates in December and end quantitative tightening on December 1. A further increase in liquidity should fuel further growth.

We believe JP Morgan’s new structured bond product is a groundbreaking catalyst for mainstream cryptocurrency exposure, providing investors with 1.5x leverage to access bitcoin through ETFs with unlimited upside potential through 2028. This type of regulated instrument issued by the bank signals a significant shift in the approach of traditional financial institutions to digital assets, accelerating their adoption by institutions and attracting fresh capital to the market.

This also marks an evolution from a primarily spot-based environment to one where derivatives-based structures play a greater role. This change encourages trading platforms like ours to continue to develop advanced tools, hedging options and risk management frameworks to support users in dealing with increased volatility, while fostering innovation across the ecosystem.

Overall, JP Morgan’s move confirms the maturity of cryptocurrencies as a legal asset class. It strengthens sentiment around digital assets and lays the foundations for broader industry development as more institutions incorporate structured cryptocurrency products into their core offerings.