BTC surged to $94,200 after $164M in shorts were liquidated on December 9. The market cooled slightly: Bitcoin trades around $92,564, still +2.8% on the day.
Altcoins also strengthened:
• ETH: $3,321 (+7.1%)
• DOGE: +5%
The key catalyst now is today’s FOMC meeting.
A 0.25% rate cut is fully priced in — meaning Powell’s tone is what matters:
• Dovish → BTC retests $95K–$100K
• Hawkish → risk assets weaken; BTC may drop toward $88K–$90K
According to Ruslan Lienkha (YouHodler), a “hawkish cut” is possible:
“Powell may offset the cut with a tougher message. Since the cut is priced in, a strong BTC rally is unlikely — but a hawkish tone could pressure markets.”
With ETF flows slowing and volatility rising, today’s Fed decision will determine whether Bitcoin continues toward $100K — or turns lower.
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