Bitcoin News Today: Bitcoin Faces Crucial $94K Threshold: Will It Hold Steady or Plunge Further?
- Bitcoin tests critical support near $94,000 as technical indicators signal bearish momentum amid Fed policy uncertainty and liquidity strains. - Record $463M BlackRock ETF outflows and $1.1B total redemptions highlight worsening market sentiment and institutional distress. - Analysts split between bear market forecasts through 2026 and potential stabilization near $94,000 tied to 6-12 month holder cost bases. - Key resistance at $103,000 remains pivotal - a sustained break could reignite bullish trends w
Bitcoin is at a pivotal moment as its price lingers near crucial support zones, with experts cautioning that a sharper correction may be on the horizon due to increased volatility stemming from uncertainty around Federal Reserve policies and tightening liquidity. The leading cryptocurrency has slipped beneath $95,000, challenging the 2x Metcalfe Network Value threshold at $91,000 and the 61.8% Fibonacci retracement at $94,253
Technical signals point to continued bearish
Anticipation around the upcoming FOMC minutes is adding to the market's uncertainty, as investors await clues about future monetary policy. With little major economic data available,
Institutional moves present a mixed scenario. Harvard University has tripled its investment in BlackRock’s Bitcoin ETF,
Experts remain split on Bitcoin’s short-term direction. Some, such as Ledn CIO John Glover, foresee a bearish trend lasting into mid-2026, while others anticipate a possible recovery. Derek Lim from Caladan remarked that the current liquidity crunch, worsened by the U.S. government shutdown, is temporary and should ease as government spending resumes
Bitcoin’s next moves will depend on whether it can reclaim important resistance points, such as the 50-week EMA at $103,000
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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