Bitcoin (BTC-USD, BTCUSDT) remains unable to break above the $94,000 psychological and technical resistance level, stalling recent upward momentum. Traders are monitoring potential catalysts that could shift market dynamics in the near term.
- BTC-USD and BTCUSDT have failed to sustainably trade above $94,000 since early December 2025.
- Sell-side order depth is concentrated just above $93,800, indicating strong resistance.
- Spot Bitcoin ETFs recorded $85 million in net inflows over the past seven days.
- Daily BTC transaction volume averages 1.5 million; a rise above 1.8 million may signal momentum shift.
- Futures funding rates and 200-day moving average are currently neutral, suggesting no extreme positioning.
Bitcoin has repeatedly tested the $94,000 threshold in late November and early December 2025 without securing a sustained close above it, signaling strong supply pressure at this key level. Market data shows multiple rejected attempts across major exchanges, including Coinbase and Binance, where order book depth reveals a significant cluster of sell orders just above $93,800. This recurring rejection suggests institutional or algorithmic traders are actively liquidating long positions or placing stop-loss orders in anticipation of downside risk. The inability to breach $94,000 is particularly notable given broader macroeconomic tailwinds, including stable U.S. inflation trends and modest rate cut expectations from the Federal Reserve. Despite these supportive conditions, BTC’s price action has remained range-bound between $90,000 and $94,000 since mid-November. Technical indicators such as the 14-day RSI remain neutral around 56, indicating no immediate overbought signal, while the 200-day moving average sits firmly below current levels at approximately $87,200. A potential breakout may hinge on increased futures open interest and positive developments in spot ETF inflows. Recent data indicates net inflows into U.S.-based spot Bitcoin ETFs reached $85 million over the past week—a modest but meaningful uptick compared to prior weeks. Additionally, if Bitcoin futures funding rates turn positive, it could signal growing bullish sentiment among derivatives traders, potentially fueling a short squeeze. Market participants now await key events including the upcoming U.S. CPI report and Federal Reserve commentary for clues on monetary policy direction. Should macro conditions remain favorable and trading volume climb above 1.8 million daily BTC transactions—up from the current average of 1.5 million—momentum could finally push BTC past the $94,000 ceiling.