BTC Consolidating Below $94K

Benzinga

Bitcoin consolidated below $94,000 as strong ETF inflows countered macro uncertainty, with traders pointing to continued consolidation before a potential push higher, according to Benzinga.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Bitcoin consolidated below $94,000 as strong exchange-traded fund inflows offset broader

00:08macro uncertainty and market sentiment remained neutral, according to Benzinga.

00:13The ISEM manufacturing PMI declined for a third straight month to 47.9 in December,

00:19marking the lowest reading since October 2024. Bitcoin ETFs recorded $697.3 million in net

00:26inflows on Monday, while Ethereum ETFs saw $168.1 million. The cryptomist said Bitcoin may be

00:34forming a falling wedge with potential for a final dip before a move toward the mid-$1.95,

00:39zero-zero-zero range. Michael Van de Poppe said recent inflows make a deep correction unlikely

00:45and expects consolidation, followed by a push toward $100,000. He added that Ethereum held

00:51its 21-day moving average. XRP posted its highest daily close since November 15th,

00:57while Solana held key support. Though coin is consolidating after a liquidity sweep in what

01:02is described as a momentum reset, while Shiba Inu saw its burn rate jump 278.9% in a single day.

01:09For all things money, visit Benzinga.com.

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