Everyone expected the crypto markets to collapse this week, but it did the exact opposite.
- $BTC held support at $75,000, bounced 7% from the lows, and returned above $80,000.
- $ETH held at $2,350, bounced 10% from the lows, and returned above $2,550.
- ALTs surprised everyone. They rose 17% from the last low and returned above $225 billion for the first time in 8 months.
- The total crypto market value held at $2.5 trillion and added $200 billion from the last low.
And all of this happened while CLARITY failed, the Federal Reserve raised rates, and oil prices remained high.
The important part is that the key supports are still holding, which makes this rebound more positive.
Now, BTC needs to close the week above the 50-week moving average at $78,760, then break above $83,000; and ETH needs to stay above $2,600.
Until then, this is just a strong rebound—not confirmation of a bull market.
- $BTC held support at $75,000, bounced 7% from the lows, and returned above $80,000.
- $ETH held at $2,350, bounced 10% from the lows, and returned above $2,550.
- ALTs surprised everyone. They rose 17% from the last low and returned above $225 billion for the first time in 8 months.
- The total crypto market value held at $2.5 trillion and added $200 billion from the last low.
And all of this happened while CLARITY failed, the Federal Reserve raised rates, and oil prices remained high.
The important part is that the key supports are still holding, which makes this rebound more positive.
Now, BTC needs to close the week above the 50-week moving average at $78,760, then break above $83,000; and ETH needs to stay above $2,600.
Until then, this is just a strong rebound—not confirmation of a bull market.
