Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The crypto market delivered a dramatic rebound this week, with the Bitcoin price vaulting above $92,000 and Ethereum climbing back over $3,000. The sharp recovery in both leading cryptocurrencies has caught the market’s attention, with analysts now sharing the major reason for the unexpected pump. 

Why The Ethereum And Bitcoin Price Are Rebounding

Bitcoin is currently trading above $93,000 after experiencing a period of accelerated selling and heavy long liquidations that had briefly pushed its price down over the past few weeks. Now that forced selling has eased, the cryptocurrency has recovered significantly, adding an astonishing $75 billion to its market capitalization within 10 hours. 

Ethereum has followed the same upward swing. Data from CoinMarketCap shows that ETH has gained more than 9% in the past 24 hours, with steady accumulation pushing its price above $3,050. 

Crypto market analyst Wimar.X has explained the reason behind the sudden surge in both Bitcoin and Ethereum prices. He framed the resurgence as a rapid wave of high-volume coordinated institutional buying. In his words, the market pumped because a massive round of accumulation occurred within a single hour. 

Data from Arkham Intelligence shows that Wintermute, a leading algorithmic trading firm, had bought 8,577 BTC ahead of the market surge. Binance, the world’s largest crypto exchange, also acquired 7,658 BTC, while a major whale wallet added 6,010 BTC to its portfolio. Finally, BitMEX, a crypto exchange co-founded by Arthur Hayes, reportedly accumulated 5,818 BTC, while Bitfinex absorbed 5,778 BTC. 

According to Wimar.X analysis, the sudden accumulation and its timing appear coordinated. He described the activity as manipulation, implying that it was intended to influence market perception and artificially sway prices. 

Analysts Share Outlook For Bitcoin And Ethereum Price After Pump

As the crypto market showed renewed strength and BTC recovered above $90,000, crypto expert Michael van de Poppe took to X to highlight the significance of the rebound. He noted that the recent dip in Bitcoin’s price at the start of the month appeared unusual but was followed by a strong bounce. According to the analyst, surpassing $92,000 will be critical for Bitcoin and could pave the way for a new all-time high and a potential test of $100,000. 

On the other hand, a market analyst identified as ‘More Crypto Online’ on X has stated that Ethereum is currently testing the micro support zone between $2,907 and $2,974. He noted that holding this support area is crucial for sustaining the upward momentum that began earlier this week.

As a result, the analyst has predicted that Ethereum’s next upside window sits between $3,165 and $3,210. He cautioned that a breach below the lower support level could trigger a deeper corrective wave. However, current trends suggest that ETH is mainly aiming higher. 

Featured image created with Dall.E, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

As Bitcoin (BTC) attempts to reclaim the $88,000 area, some market observers believe that the recent lows marked the bottom, and a price recovery rally is underway. Nonetheless, other analysts have warned that the flagship crypto’s November pain could continue if the current levels don’t hold.

Related Reading

Bitcoin Finds Local Support

On Monday, Bitcoin continued its price recovery from the latest correction, nearing a key resistance for the second consecutive day. Throughout November, the cryptocurrency has struggled to hold multiple crucial levels amid the crypto market volatility, falling below the $100,000 psychological barrier and trading around multi-month lows.

Last week, BTC plummeted below the $90,000 level for the first time since April, reaching a low of $80,600 on Friday. Over the weekend, the flagship crypto’s price stabilized, trading between $84,000-$87,000 and briefly retesting the $88,000 resistance before being rejected.

Arthur Hayes, co-founder of crypto exchange BitMEX, suggested that Bitcoin’s price will benefit from “minor improvements” in US liquidity trends. In a Monday X post, he forecasted that the price would likely chop below the $90,000 level in the coming weeks, potentially dropping to the $80,000 level once more, but ultimately holding.

Similarly, analyst Rekt Capital asserted that Bitcoin is revisiting a key re-accumulation region between $82,500-$93,000, where the price consolidated in Q1 2025 after losing the upper boundary as support.

This is where Bitcoin built its base before reversing upward earlier in the cycle, and it continues to define the bottom boundary of the current structure. Together, these levels establish a clear Monthly Range between $82.5k and $93k, framing the broader context for this phase of consolidation.

The analyst also highlighted that BTC’s weekly close above the $86,000 level aligns with the crucial monthly range, adding that its price could now begin building a floor around this area to develop a new range between this level and the $93,000 resistance.

To him, investors shouldn’t worry if price downside wicks into the liquidity pool between $78,000-$86,000 “as long as general stability persists” at the current levels.

No BTC Party Until 2028?

Market observer Ted Pillows noted that Bitcoin was unable to reclaim the local highs in the daily and weekly timeframe, suggesting that if the $88,000-$90,000 zone is not successfully turned into support soon, its price could drop toward a new monthly low below the $80,000 mark.

Meanwhile, Crypto Bullet shared a bearish outlook for the flagship crypto, affirming that BTC “will not make a new ATH until 2028” based on historical data. He explained that if BTC is repeating its four-year cycle performance, its price potentially reached its cycle top in October and is entering a new corrective phase.

The analyst pointed out the similarities between the 2021-2022 bull run and the current one. According to the chart, BTC hovered within an ascending channel, with price rallying to the upper boundary for a second time after a key retest of the ascending support level.

Related Reading

However, when Bitcoin retested the channel’s lower boundary a second time, its price bounced to the channel’s mid-zone before being rejected at the 50-week Moving Average (MA) and losing the multi-year pattern.

As BTC is currently retesting the key ascending support, the analyst suggested that BTC will likely retest the $110,000 area in the coming weeks before retracing around 60% to the $40,000 area in 2026.

As of this writing, Bitcoin is trading at $88,692, a 2% increase in the daily timeframe.

Featured Image from Unsplash.com, Chart from TradingView.com

Bitcoin (BTC) climbed nearly 5% in the past week, reclaiming key support levels over the past three days. The recent bullish momentum has sent BTC toward the $88,000 mark, with some analysts suggesting a reclaim of its previous price range could be near.

Related Reading

Bitcoin Recovery Could Trigger 14% Surge

After being rejected from the $84,000-$85,000 zone several times in the past two weeks, Bitcoin reclaimed this range over the weekend. The flagship crypto has surged 4.7% from last week’s levels, closing the week above the $86,000 mark.

During the start-of-week pump, BTC eyed the $89,000 resistance, hitting a biweekly high of $88,765, but failed to retest the next crucial zone as bullish momentum slowed. Nonetheless, the cryptocurrency has held its current range, hovering between the $86-000-$88,000 support zone for the past 24 hours.

Analyst Alex Clary affirmed that Bitcoin’s momentum “looks awesome” for a break above the $88,000-$90,000 support zone as the cryptocurrency shows a Relative Strength Index (RSI) bullish divergence, a V-shaped recovery, and has broken above its downtrend resistance.

Per the post, a breakout and reclaim of the crucial $90,000 resistance level could propel BTC to jump between 8 to 14% from current prices to the $95,000-$100,000 levels lost in February.

Meanwhile, Daan Crypto Trades noted that Bitcoin “has not moved much in the past few weeks relative to SPX.” According to the trader, BTC’s price has been correlated to the S&P 500 (SPX) and “has mostly been moving hand in hand with each other,” which could explain the flagship crypto’s recent dump and bounce.

However, he affirmed that Bitcoin is still trading “at a solid spot premium during this bounce,” suggesting that a move to new local highs is possible if BTC maintains the current levels and reclaims the post-US election breakout range above $90,000.

BTC Must Hold This Level By Week’s End

Amid Monday’s market recovery, Analyst Rekt Capital warned that Bitcoin needs weekly closes above $88,400 and $93,500 to end its downside deviation period.

The analyst explained that, over the past five weeks, BTC has been consolidating between the two biggest bull market Exponential Moving Averages (EMAs), the 21-week and 50-week EMAs.

Its price action has recently gotten closer to the 21-week EMA, at around $88,400, ready “for a major trend decision.” According to the analyst, Bitcoin needs a weekly close above this level and a retest into support to target its Macro Range.

“This was the exact confirmation that Bitcoin needed back in mid-2021 when the price crashed -55%,” Rekt Capital noted, suggesting that “things could get volatile both on the upside (trapping FOMO buyers in the upside wick) and the downside (with panic sellers selling into a downside wick),” if history repeats.

A weekly close above it “could kickstart an uptrend continuation towards the Re-Accumulation Range Low of $93,500.” Moreover, after reclaiming the 21-week EMA, Bitcoin will need a weekly close above the re-accumulation range low to “resynchronize with the Range.”

Related Reading

Despite this, he warned that “the Post-Halving Re-Accumulation Range has shown that simple Weekly Closes above $93,500 may not suffice” as it would need “a successful post-breakout retest of the Re-Accumulation Range Low” to confirm resynchronization with the range.

He concluded that failing to successfully retest and confirm the new support could cause BTC’s price to lose this crucial level and deviate to the downside again.

Featured Image from Unsplash.com, Chart from TradingView.com

The FTX (FTT) token has had a difficult time, but it has recently flashed a buy signal, indicating that the price is poised to rise against tether (USDT). The crypto market’s early week saw altcoin prices surge as most coins rallied with significant price gains, with the FTX (FTT) token poised to make a relief bounce. (Data from Binance)

FTX (FTT) Token Price Analysis On The Weekly Chart 

The price of FTX has struggled to maintain its bullish momentum in recent months, as it was rejected from the $54 area, acting as a supply zone for most sellers.

Despite being a fundamentally strong coin of the FTX exchange and growing sentiment on its movement, FTT has struggled to recapture the bullish momentum it experienced. Nonetheless, FTT has reached a weekly low of $24.

The price of FTT on the weekly chart needs to break out with good volume for the price to have a good chance of trading higher. FTT must break and hold above the resistance at $30 to form a support for the price of FTT to move to a higher height, as the $30 mark is preventing FTT from trending higher.

If the price of FTT fails to break through this resistance region, we may see the price retest the lower weekly region of $24, which could act as a good buy zone to push the price of FTT higher and hold the sell-off.

Weekly resistance for the price of FTT – $30.

Weekly support for the price of FTT – $24.

Price Analysis Of FTT On The Daily (1D) Chart

The daily timeframe for FTT prices appears choppy, as prices remain range-bound with little volume to break out of this range. The price of FTT failed to hold its major support at $30 as the price flipped into resistance, causing a free fall to a region of $24, where it formed new support acting as a demand zone.

After hitting a low of $24, the price of FTT rebounded, acting as strong support. The price of FTT attempted to hold above the 50 Exponential Moving Average (EMA) but was rejected as support. FTT’s price is being held back by the price of $28, which corresponds to the 50 EMA value.

On the daily timeframe, FTT is currently trading at $26, having been rejected below the 50 EMA. To assume a strong bullish price movement, the price of FTT must cross the 50-day moving average.

On the daily chart, the Relative Strength Index (RSI) for FTT is below 50, indicating low buy order volume. With sufficient order volume, the price of FTT could reclaim the 50 EMA, which serves as price resistance.

Daily resistance for the FTT price – $30.

Daily support for the FTT price – $24.

Featured Image From zipmex, Charts From