The post Bitcoin Price Today Surges 7% Ahead of December FOMC Meeting: Can BTC Break $94K Next? appeared first on Coinpedia Fintech News
Bitcoin price today surged more than 7% to reclaim the $93,000 level, gaining strong momentum as markets prepare for a crucial Federal Reserve decision next week. Traders are pricing in nearly 90% odds of another 25 bps rate cut, while gold continues to hold above $4,200.
Expectations that White House adviser Kevin Hassett may become the next Fed Chair have further strengthened the market’s dovish outlook.
Investors Brace for the December FOMC Meeting
All attention is now on the Federal Open Market Committee (FOMC) meeting on December 10, which is expected to set the direction for global markets and crypto.
During this two-day meeting, officials will vote on interest rates, release updated economic projections, and possibly discuss when quantitative easing (QE) could begin.
Even a small hint of QE or a change in the rate-cut roadmap could trigger significant moves in Bitcoin and other risk assets.
Key Data to Watch Before the Decision
Before the meeting, traders are closely monitoring two important economic reports: Friday’s PCE inflation data and Tuesday’s JOLTs job openings report.
Inflation: Still above the Fed’s 2% target, and recent rate cuts have not cooled it enough.
Jobs: Strong job numbers suggest the U.S. economy remains resilient. Treasury Secretary Scott Bessent even expects economic growth to pick up in early 2026.
Liquidity: Markets are also adjusting to the end of quantitative tightening (QT), which has already increased liquidity in the system.
What to Expect on Meeting Day
The Fed’s rate decision will be announced at 2:00 PM ET on December 10, followed by Jerome Powell’s press conference at 2:30 PM ET. His tone, whether cautious or optimistic, will likely guide Bitcoin’s next major move.
Current CME FedWatch data shows an 87% probability of a 25 bps rate cut, which would bring the target range down to 3.50%–3.75%.
On-chain analyst Ali Martinez highlights two major resistance levels based on Glassnode’s pricing bands. According to him, Bitcoin must break:
$99,070
$122,060
These levels will be key as Bitcoin attempts to push toward new price milestones.
Crypto trader Posty adds that Bitcoin may have ended its pattern of lower highs and lower lows after forming a higher low around $84,000.
The next critical step is a daily close above roughly $94,000. If that happens, he expects a potential move toward $100,000.
However, he cautions traders to move carefully, noting that the larger market structure still needs confirmation.
