Bitcoin is trading within a Descending Broadening Wedge on the 4-hour chart, nearing the $100,000 resistance level. The cryptocurrency has rebounded sharply from the wedge's lower boundary, pushing its price into the $93,000–$94,000 range. Analysts indicate that surpassing the $100,000 mark could initiate a bullish rally in December, fueled by anticipated interest rate cuts from major financial institutions such as J.P. Morgan and Goldman Sachs.