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Bitcoin’s back above $94K: Is the BTC bull run back on?
Bitcoin bulls recaptured the $94,000 level, but BTC volume data raises doubts about the duration of the upmove. Will bulls provide the necessary momentum?
Bitcoin
BTC
$94,001
bulls appear to be back in control of the short-term trend, pushing the BTC price above $94,000, despite underlying liquidity indicators raising a red flag.

Key takeaways:

Bitcoin has reclaimed $94,000, strengthening the short-term bullish structure after a few days of indecision.

Bid-ask liquidity remained muted despite the breakout, indicating that buyers are stepping in but not yet in sufficient size.

Bitcoin maintains uptrend ahead of FOMC meeting
Bitcoin struggled to secure a decisive daily close above $93,000 following the initial break in structure on Dec. 3. With the broader market bracing for the upcoming FOMC meeting, traders had largely adopted a wait-and-see stance, resulting in a few days of sideways consolidation.

That changed on Tuesday as BTC pushed cleanly through $93,500, producing the higher high needed to restore short-term bullish momentum.
On the four-hour chart, BTC had previously absorbed the entire fair value gap (FVG) between $87,500 and $90,000, but was unable to trigger a follow-up impulse. The latest breakout invalidated that hesitation and signals renewed strength despite the volatility of macroeconomic events.
Even with the upside shift, BTC still traded near the monthly VWAP (volume-weighted average price) on both the four-hour and one-day timeframes. A sustained hold above the monthly VWAP following the FOMC would further confirm a momentum-backed trend reversal.

Trader Jelle, reflecting on recent sideways movement, noted:

“Pretty boring day so far, with $BTC still chopping around the monthly open… Watch for a lower low below 87.6 or a clean break of the grey box at 93k.”
With $93,000 now cleared ahead of the FOMC event, market bias leans toward the upside, though traders may remain sensitive to any post-meeting volatility.$BTC $BTC