Bitcoin Snaps Back to $94K as Traders Eye Bullish Reversal

Bitcoin jolted to an intraday high of more than $94,300 on Dec. 9, delivering a clean snapback from last week’s lows as technical signals finally aligned to give traders the comeback they were hunting for.

Bitcoin Jumps With Technical Indicators Flipping in Its Favor

Bitcoin didn’t merely recover; it snapped back with attitude. After flirting with the mid-$80,000 range just days ago, the coin vaulted to an intraday high of $94,306 on Tuesday, reclaiming the spotlight and reminding everyone that this market still loves a dramatic entrance. The setup for this move wasn’t mystical or lucky — technical indicators had been hinting that bitcoin was overdue for a breakaway from compressed ranges.

The rebound aligned with a textbook washout. As shown in several timeframes over the last week, BTC’s dip to roughly $84,000–$85,000 wiped out overextended positions and cleared enough leverage to rebuild upward momentum. Oversold oscillators, pressure against multi-week trend lines, and a well-defended support shelf combined into the kind of cocktail traders pretend not to enjoy — the “snapback rally.”

BTC/USD at 11:45 a.m. EST on Dec. 9, 2025. Price action had been trapped in a descending channel since late November, with bitcoin painting lower highs and lower lows across daily candles. But a bullish flag structure brewed underneath the bearish exterior, and once BTC rejected the $87,800 level with a 10% bounce, the pressure shifted. Buyers resurfaced at $87,800–$90,000, defending an earlier consolidation zone and creating the fuel needed to target resistance above $93,000.

Breaking that resistance was where the fun started. Short positions had been stacked between $93,000 and $94,000, forming a mechanical ceiling that cracked almost instantly once bids pushed through. Liquidation heatmaps pointed to thin liquidity above the level — the perfect environment for a short squeeze. More than $113 million in BTC short liquidations lit the pathway higher as BTC shot toward $93,700.

Momentum indicators cooperated. The relative strength index (RSI) bounced from oversold levels near 30 and reclaimed territory above 50, suggesting buyers were no longer hiding. Daily moving averages added confirmation as BTC retook the 7-day simple moving average and hovered well above the 50-day baseline. Even the MACD histogram shifted green, nudging momentum forward after weeks of heavy divergence. Bollinger Bands widened as volatility returned, a familiar signature accompanying aggressive breakouts.

Read more: 8 AI Chatbots Deliver Wildly Different Bitcoin Price Predictions — Which One Nails Dec. 31, 2025?

Onchain proxies reinforced the technical story. Glassnode and Cryptoquant data had shown positivity, and the short-term holder spent output profit ratio (STH-SOPR) dipped toward capitulation territory before pivoting, echoing prior cycle lows where a flush preceded rapid rebounds. Meanwhile, miner stress eased as higher prices helped rebalance strained margins, reducing forced sell pressure at the worst possible moments.

Still, bitcoin’s path forward isn’t without a few speed bumps. The $93,900 threshold remains the line between a confirmed breakout and a classic “fakeout.” A failure to close above it risks a pullback toward $90,500, where traders will be watching for signs of structural fatigue. Bulls, however, are eyeing measured flag extensions toward $95,900–$97,100 and, if conditions hold, another psychological test at $100,000.

Either way, Tuesday’s jump put the market back on alert: bitcoin’s not done making noise, and December just got interesting.

FAQ ❓

• **Why did bitcoin rebound to $94,000?**The bounce followed a deep reset in technical indicators, which aligned with a washout that cleared leverage.
• **What levels are traders watching next?**Key resistance sits at $95,000, with support expected around $90,500 to $91,000.
• **Did liquidations play a role in the move?**Yes, over $139 million in short liquidations helped accelerate bitcoin’s upward momentum.
• **Can bitcoin still reach $100,000 this month?**It’s possible if the breakout holds and momentum extends above current resistance zones.