Bitcoin Weekly Forecast: Fed Delivers, Yet Fails to Impress BTC Traders
Bitcoin consolidated near $90,000 after the Fed's cautious rate cut, while geopolitical tensions and mild ETF inflows limit upward momentum.Summary
Bitcoin (BTC) is trading around $90,000 as investors process the Federal Reserve's cautious December rate cut, which signaled only one more cut in 2026, tempering expectations for risk assets. This cautious tone, coupled with geopolitical uncertainty surrounding the Russia-Ukraine conflict, has triggered consolidation in BTC.
Institutional demand showed mild improvement with $237.44 million in spot Bitcoin ETF inflows, and Strategy Inc. (MSTR) continued accumulation. On-chain data suggests easing selling pressure, which could support a relief rally toward $99,000 if sustained.
Technically, BTC is finding support near the 100-week EMA, but faces resistance at the $94,253 Fibonacci level. Analysts from Copper suggest that based on post-ETF cost-basis return cycles, BTC could target $138,000 to $148,000 within 180 days, despite underwhelming Q4 performance so far.
(Source：BeInCrypto)