Bitcoin Price Forecast: BTC Could Rebound to $94K Short Term

Highlights:

• Bitcoin is trading at the $89,896 support level
• Rebound off this support could trigger a rally to $94,194
• Rebound based on pure technicals, as nothing has changed fundamentally

Bitcoin (BTC) is in the red today, reflecting the selloff across the cryptocurrency market. At the time of going to press, Bitcoin was trading at $90,276, down by 2.8% in the day. However, Bitcoin trading volumes are going up even as the price drops. Trading volumes are currently up by 8.74% to stand at $70.46 billion. 

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The rising volumes at a time when the price is down indicate that some holders may be selling their holdings. Such a development could be indicative of a fear of further price corrections in the short to medium term. Several factors indicate BTC could rebound to $94K.

Bitcoin Drops After Markets Muted Response to Rate Cut

One of the key factors is that Bitcoin is becoming increasingly interconnected with traditional financial markets. Bitcoin now trades in the same direction as major US stock indices. Currently, these two indices are showing weakness despite the Federal Reserve’s move to cut interest rates. The reason behind it is the wording of the Speech read out by Jerome Powell during the FOMC.

Powell stated that while they are cutting rates, inflation remains an issue, and there are signs of weakness in the economy. This meant the much-awaited rally in the markets after the rate cut was muted.

Fed Noise, Bitcoin Dip🦅

Woke up checking charts like always, and BTC is still sliding after the Fed move the rate cut didn’t give the market the green light everyone hoped for.

The Fed dropped 25 bps, but their messaging was mixed. They’re buying short-term Treasury bills for… pic.twitter.com/Er9iHJdubZ

— Yusuf (@YusufGemz) December 11, 2025

At the same time, Oracle, one of the leading companies in the AI space, released weaker-than-expected results. This has created the impression that the AI rally may be cooling down. Given that AI stocks have been the primary drivers of the broader stock market, a cooling in their stock prices could lead to a more significant correction in the stock indices. By extension, this could lead to Bitcoin dropping further, at least in the short term.

ORCL -11% pre-market due to the below lines.

Although it’s already -42% from its Sept high, it’s not cheap at all… EV/NTM EBITDA at 17.5x and NTM PE at 27.5x.. pic.twitter.com/RCIYpS2D77

— Daniel Yan (@_D_Y_A_N) December 11, 2025

Analysts Cut Their Forecasts for Bitcoin

Bitcoin could also continue to show weakness because major analysts are starting to slash their forecasts. Standard Chartered Bank had one of the most ambitious projections for Bitcoin in 2025. They expected the number one cryptocurrency to end the year at $200k. Under the revised forecast, Standard Chartered Bank now has a Bitcoin target of $100k by the end of the year.

🚨 NEWS: Standard Chartered cut its 2025 $BTC target to $100K and pushed its $500K call to 2030, citing slowing ETF inflows and weaker corporate demand pic.twitter.com/j6awrMATSE

— Nathan Jeffay (@NathanOnCrypto) December 10, 2025

The bank justified the forecast cut by citing broader market uncertainties and an institutional shift from corporate Bitcoin treasuries to ETFs. They also pointed to the weakening demand for Bitcoin across various classes of investors. The result of such projections is that the average investor may lose interest in Bitcoin in the short term, especially because the 2024/25 cryptocurrency cycle has been a disappointment compared to previous cycles. 

BTC Could Rebound to $94K Despite Weak Market, Short-Term Selloffs Possible

Overall, a macro environment that is not driving the price of Bitcoin as expected could trigger more selloffs due to investor exhaustion. There have been several rate cuts this year, and all of them were expected to take Bitcoin to new highs. With no more major narratives to drive FOMO, Bitcoin could either see more corrections or consolidate for a while. That said, the moves by major institutions such as Strategy could keep the price pushing higher gradually. Eventually, retail FOMO could kick in and help push the price to new highs. 

Technical Analysis – Bitcoin Trading At Major Support Level

Bitcoin’s correction in the last 24 hours has seen it drop to the $89,896 support level. If this support holds and Bitcoin bulls regain control, a rally back to the December 9 close of $94,176 could follow.

On the other hand, if bears take control and push Bitcoin through the $89,896 support, then a correction to $88,240 could follow. Of these two scenarios, the odds are higher for a rebound to $94,176, because there is not much downside liquidity at the moment.

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