Bitcoin Breaks $94K: Technical Reversal or Fed-Dependent Rally?

Question

Source: CoinTribuneOriginal Title: Bitcoin Climbs Past $94K Amid Fed UncertaintyOriginal Link: https://www.cointribune.com/en/bitcoin-climbs-past-94k-amid-fed-uncertainty/## Market OverviewBitcoin has surpassed the symbolic threshold of $94,000 on the eve of the FOMC meeting, reigniting debate about a possible bullish reversal. This crossing marks an important technical breakout after several days of hesitation and market consolidation. However, several key metrics indicate that the market does not yet fully embrace the recovery.## Technical Analysis: Key Threshold Crossed, But Momentum Still FragileAfter long failing to secure a daily close above $93,000, BTC this time broke through $93,500, setting a decisive ascending high to restart bullish momentum. Since December 3, the market had been stuck in a narrow range, with investors adopting a wait-and-see stance regarding U.S. monetary policy decisions.Several technical elements confirm this short-term reversal, without guaranteeing its solidity:* The fair value gap (FVG) between $87,500 and $90,000 has been completely absorbed, erasing the dip left by recent hesitations* The clear break of resistance at $93,500 marks the immediate return of bullish momentum* Bitcoin now trades around the monthly VWAP on both the 4-hour and daily timeframes. Consolidation above this indicator would strengthen the scenario of a real reversal* The importance of this technical threshold cannot be overstated—a lower low below $87,600 or a clean break above $93,000 will be critical to watchIn other words, if the bullish move is real, it remains for now anchored in zones of technical neutrality. The market's reaction after the Fed meeting could serve as a decisive catalyst to validate or invalidate this potential bull run.## Liquidity and Sentiment Indicators Still LaggingBeyond crossing $94,000, several key metrics indicate that the market does not yet fully embrace the recovery.The bid-ask ratio has remained relatively low and irregular, a signal that buyers act without real aggressiveness. Unlike the sharp drop in November, where massive purchases had absorbed selling pressure between $100,000 and $80,000, this rise is driven more by price than by actual market depth.The discrepancy is also visible in premium indices between regions. The Korea Premium Index, often used to gauge retail investor appetite, has cooled off, trading at near-zero or slightly negative levels. In other words, Asian speculators are not pursuing this rally, a striking contrast with previous rally phases where South Korea showed strong premiums.Conversely, the premium index from a major U.S. platform indicates positive flows. Historically, these signals indicate modest accumulation in the early reversal phase, but without widespread enthusiasm.## ConclusionThe Bitcoin price has crossed a key threshold, rekindling hopes of a new bullish cycle. However, without volume confirmation or clear macroeconomic support, caution remains advised. The Fed's decision will likely play a decisive role in validating or invalidating this potential bull run.

GasWastingMaximalist · Accepted Answer

What's wrong with 94k? The Fed just one statement and it dumps the market. Don't celebrate too early.

OffchainOracle · Answer

94k, so what? Isn't it just waiting for the Fed's decision?

JustHereForAirdrops · Answer

94k is nothing, wait for the Fed to say one word and it'll drop back again

failed_dev_successful_ape · Answer

Still stuck on the 94k technical level? The Fed hasn't given a clear signal yet. It's really hard to say how long this rebound can last.

MetaNeighbor · Answer

What's the big deal about 94k? We'll find out once the FOMC meeting starts.

LiquidatedDreams · Answer

Still debating the technical aspect at 94k? I just want to know what the Fed is going to do this week.