Bitcoin’s Back Above $94k: Is The BTC Bull Run Back On? 2025

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) 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.

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 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:

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.

Source: CoinTelegraph