Bitcoin Regains Momentum: Crypto Daybook Americas

As the week commences on a positive note, bitcoin has climbed over 1% to $89,800, nearing the upper boundary of its recent range between $85,000 and $90,000. However, it still faces significant resistance between $92,000 and $95,000, according to BRN. This week's US economic calendar features key reports, including the third-quarter GDP and consumer confidence on Tuesday, followed by jobless claims on Wednesday. These releases may impact investor sentiment, although thin market liquidity due to year-end holidays could lead to volatile price swings. On Friday, $27 billion in BTC and ETH options are set to expire on Deribit, with a bullish lean in positioning. Despite the price rebound, some analysts remain cautious, warning that the short-term momentum may be misleading and that bitcoin's current price is 30% below its peak and lower than at the start of 2025. In the broader market, certain tokens have seen gains, while major altcoins are mixed. Uniswap's UNI token has dipped as voting commences on a proposal to activate the protocol fee switch. In traditional markets, gold has reached a record high, and the dollar index has fallen slightly. For further analysis and a comprehensive list of events, see CoinDesk's 'Crypto Week Ahead'.