Analysts Report December 1st Could Set Bitcoin’s Trend as Powell Prepares Key Speech

Powell’s December 1 speech and the end of QT create a pivotal liquidity moment for crypto markets.

A softer tone from Powell could boost expectations for rate cuts and support Bitcoin–altcoin momentum.

Analysts say December 1 may determine whether crypto continues its relief rally or shifts into retracement.

A major turning point arrives as traders prepare for December 1, a date that could set the direction for Bitcoin and altcoins over the next several months. Markets are watching Federal Reserve Chair Jerome Powell’s upcoming speech and the official end of quantitative tightening on the same day, creating a rare dual event with a wide reach across global liquidity expectations.

Powell Speech and End of QT Shape a Critical Market Window

Federal Reserve Chair Jerome Powell will speak on December 1 about the economy, labour conditions and inflation. The speech arrives days before the next FOMC meeting, where traders price nearly an 87% chance of a December rate cut. Analysts say the message delivered on this day will guide expectations into the meeting.

According to analysis prepared by several researchers, the previous Powell appearance carried a hawkish tone and slowed Bitcoin’s momentum. Analysts now watch whether labour data and stable inflation will push Powell to acknowledge softer conditions. If he shifts toward a more easing-friendly tone, risk assets may gain further support.

The same day also marks the official end of quantitative tightening, which has been active for more than three years. The last QT end in 2019 was followed by strong Alt/BTC performance for months. Even the 2020 crash did not remove the structure fully, and altcoins resumed strength once liquidity increased again.

Markets Prepare for Diverging Paths After December 1

Japan, China and Canada have already started easing or preparing to ease, and traders now watch whether Powell moves closer to that direction. Analysts state that crypto often reacts faster than other markets when global liquidity shifts, and the setup around December 1 creates an unusual window for movement.

If Powell signals that labour markets are weakening while inflation stays steady, the chance of a December rate cut may rise further. This could support the relief rally already forming in Bitcoin and altcoins as traders position for early easing phases.

However, if Powell stresses inflation pressure or limited room for cuts, broader markets may expect slower action during 2026. Crypto may then retrace as participants adjust positions around fewer easing steps. As analysts note, “the market is now balancing between two clear outcomes,” and the message on December 1 may define which trend takes control next.

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