Buying BTCUSD amid Fed’s crisis and moderate bullish momentum

A modest recovery is visible on the daily Bitcoin chart following its plunge from December highs. The price, hovering around $92,000, appears to lack the momentum necessary for a decisive surge, reflecting buyers' increasingly cautious sentiment.

The current technical setup confirms this analysis of market dynamics. Bollinger Bands remain equidistant, indicating ongoing volatility without a clear trend direction. Traders seem reluctant to take any big steps, walking in limbo. However, the price is holding firmly in the upper half of the channel, signaling continued bullish dominance.

The Stochastic Indicator, with its %K and %D lines crossing upward, confirms buying momentum. Both of them are still in neutral territory but have plenty of room to grow further, potentially surpassing the overbought level of 80. In contrast, the Chaikin Oscillator is now showing bearish divergence. If this technical indicator goes down when prices rise, it could signal slowing capital inflows and insufficient support to breach resistance.

Fundamental factors are weighing on the short-term outlook. Institutional demand via Bitcoin ETFs is rather inconsistent, with inflows often quickly offset by outflows. Meanwhile, the market is anticipating key policy decisions. The Federal Reserve’s (Fed) independence is under threat due to investigations into Chairman Jerome Powell. Theoretically, such an environment could fuel traders’ interest in Bitcoin as an attractive alternative, but in a real-case scenario, volatility is all we see now, with major players taking a wait-and-see stance.

A key catalyst in the near term will be the Supreme Court's decision on tariffs, which could be issued as early as Wednesday. A positive outcome should ease macroeconomic uncertainty and provide momentum for a breakout above resistance. The technical picture suggests a consolidation between $90,000 and $95,000 until January 20, with further testing of this range’s upper line on positive news.

Keep in mind the following trading strategy:

Consider buying Bitcoin during a pullback to $91,250. Place Take profit at $94,500 and Stop loss at $88,900.

This forecast remains relevant from January 13 till January 20, 2026.