Bitcoin (BTC) price continues to consolidate around the $90,000 handle, struggling to reclaim the $93,000–$94,000 resistance zone as bullish momentum fades. A noticeable slowdown in spot ETF inflows has reduced buying pressure, keeping BTC locked in a tight range despite recent volatility. With the price holding above key short-term support near $88,000, traders remain cautious. All eyes are now on the FOMC meeting scheduled for tomorrow, which could act as the decisive catalyst—either reigniting upside momentum or triggering another leg of consolidation.
Bitcoin’s failure to secure a sustained move above the $93,000–$94,000 zone reflects a combination of slowing demand and growing macro uncertainty rather than outright weakness. One key factor is the cooling of spot ETF inflows, which had previously provided consistent buy-side support during rallies. With those inflows moderating, Bitcoin has struggled to absorb sell pressure near higher levels.
At the same time, profit-taking near record highs has capped upside momentum, as short-term traders lock in gains. Adding to the hesitation is the upcoming FOMC meeting, which has pushed many market participants into a wait-and-watch mode. Until there is clarity on monetary policy and renewed conviction from buyers, Bitcoin is likely to remain range-bound below $94,000 rather than breaking higher decisively.
If the FOMC signals a pause in tightening or hints at rate cuts ahead, risk sentiment could improve quickly. In this scenario, Bitcoin may benefit from renewed inflows as traders rotate back into risk assets. A supportive macro tone could help BTC reclaim $93,000–$94,000, setting up a potential range expansion toward higher levels as confidence returns.
Source: X
If the Fed maintains a hawkish stance or emphasises inflation risks, market caution is likely to persist. Under this outcome, Bitcoin could struggle to attract fresh demand, remaining capped below $94,000 or even drifting back toward lower support zones. Rather than triggering a sharp sell-off, a restrictive signal would more likely extend Bitcoin’s consolidation phase.
Bitcoin’s inability to secure a move above $94,000 reflects hesitation rather than a breakdown in trend. Slowing ETF inflows have reduced immediate upside momentum, while the market remains cautious ahead of the FOMC decision, delaying fresh positioning. Until there is clarity on monetary policy and a clear pickup in demand, BTC price is likely to remain range-bound around the $90,000 level. The next sustained move—higher or lower—will depend less on short-term price action and more on whether macro conditions begin to support renewed risk-taking.
