#比特币未能守住94000美元价位 $BTC 2025 In December 2023, Bitcoin surged twice above $94,000 but failed to hold, subsequently experiencing a significant drop, primarily influenced by the shift in Federal Reserve policy and the fragile market structure. The details are as follows:
1. Price fluctuation details: On December 9th - 10th, Bitcoin surged to $94,442 and $93,557 driven by expectations of interest rate cuts, reaching a maximum of $94,570, but formed a strong resistance zone above $94,000. After the Federal Reserve cut rates on December 10th, Powell's statement that there may not be further rate cuts in the future raised concerns, leading Bitcoin to quickly fall from around $94,442; on December 11th, it accelerated its decline and broke below the $90,000 mark, hitting a low of $89,291; on the 12th, it rebounded to around $93,000 but failed to stabilize above the $94,000 price level.
2. Core reasons for failing to hold the price level: On one hand, the Federal Reserve's 'hawkish rate cuts' reversed market expectations, with the dot plot showing only one planned rate cut in 2026, far below the market's easing expectations, directly reducing the risk appetite for liquidity-dependent assets like Bitcoin. On the other hand, the fragile market structure saw resistance above $94,000 due to the daily Bollinger Band upper limit and the 60-day moving average converging, along with insufficient real buying pressure. The large leveraged positions at key price levels triggered chain liquidations during price fluctuations, amplifying the decline. Additionally, Standard Chartered Bank lowered its Bitcoin price target, and tech stocks weakened due to disappointing earnings reports, further suppressing Bitcoin's momentum to break through resistance levels.
3. Outlook for subsequent trends: In the short term, Bitcoin is focusing on the support situation at the $90,000 round number, with the $89,000 - $89,500 range forming effective support due to on-chain spot buying. If institutional capital can flow back and expectations for macro easing restart, it is expected to challenge the $93,500 - $94,500 resistance range again; if the $90,000 support level is lost, it may further test the previous strong support at $86,000.
