Bitcoin Surges Above $94K Ahead of FOMC: Is the Bull Run Returning?

Bitcoin (BTC) bulls have reclaimed the $94,000 level, reigniting optimism about a renewed upward trajectory. While the price breakout looks decisive, underlying liquidity metrics suggest that the rally may still be fragile.

After a brief period of indecision in early December, the market found a clear direction on Tuesday when BTC pushed through $93,500, establishing a higher high that restores short‑term bullish momentum. The move comes just days before the Federal Open Market Committee (FOMC) meeting, a macro event that many traders are watching closely.

Key Takeaways

• Bitcoin has firmly retaken the $94,000 threshold, strengthening the short‑term bullish structure.


• Bid‑ask liquidity remains muted, indicating that buying pressure is present but not yet deep enough to sustain a prolonged rally.


• The breakout follows a clean absorption of the fair‑value gap (FVG) between $87,500 and $90,000 on the four‑hour chart.


• BTC is still trading near the monthly VWAP on both four‑hour and daily timeframes; a sustained hold above this level after the FOMC would confirm a momentum‑backed trend reversal.

On the four‑hour chart, BTC previously filled the entire fair‑value gap between $87,500 and $90,000 but failed to generate a follow‑up impulse. The recent breakout through $93,500 invalidates that hesitation and signals renewed strength despite the volatility of macroeconomic headlines.

Trader Jelle summed up the recent market behavior: "After days of sideways movement around $93,000, the price finally broke the resistance, but the lack of strong volume makes me cautious. We need to see consistent buying pressure to confirm the rally."

What to Watch Next

The upcoming FOMC decision could act as a catalyst for either a stronger rally or a corrective pullback. Traders should monitor the following indicators:

• Monthly VWAP: Holding above this level would reinforce the bullish bias.


• Bid‑ask spread: A narrowing spread would suggest increasing liquidity and confidence among buyers.


• Volume trends: Rising on‑chain and exchange volume would provide the necessary momentum to sustain the breakout.

Additional images from the original article provide visual context for the price action:

Conclusion

Bitcoin's climb back above $94,000 marks a promising technical signal, but the muted liquidity and upcoming macro events mean the rally is not guaranteed. Investors should keep an eye on volume, VWAP, and the outcome of the FOMC meeting to gauge whether the current bullish momentum can be sustained or if a correction is on the horizon.