Bitcoin’s price struggles to break above $93,000, consolidating near $90,000 post-Fed interest rate cut. Liquidity contraction hinders upside potential, with stablecoin inflows declining by nearly 50%. Lack of buying power leads to shallow rallies, making BTC vulnerable to range reversions. Failure to surpass $94,000 puts BTC at risk of bearish breakdown.

BTC faces third rejection at $93,000, forming exhaustion pattern post-FOMC meeting. Potential bearish rising wedge could activate below $88,000, targeting $84,000 liquidity sweep and $80,600 lows. Bulls anticipate deliberate shakeouts to remove weak hands, aiming for weekly close above $90,000 to target $96,000 breakout zone for momentum expansion.

Read more at Cointelegraph: BTC Analyst Explains Why $94K Has Been a Major Hurdle