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Bitcoin rallies fail at $94K despite Fed policy shift: Here’s why
Bitcoin's price action remained underwhelming this week after another failed attempt to reclaim the monthly volume-weighted average price (VWAP), with BTC consolidating near $90,000 following the Federal Reserve’s 0.25% interest rate cut. The market continued to reject any meaningful push above $93,000, thereby limiting bullish momentum. One Bitcoin analyst said that liquidity contraction is suppressing Bitcoin’s upside, reducing demand relative to sell pressure. $94,000 to $98,000 remained the critical liquidity pocket, but BTC must avoid forming a bearish break of structure below $88,000. chart According to ... (full story)
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