WikiBit 2025-11-24 05:02Crypto is up today — but this isnt a trend reversal yet. After heavy drops across the market, what y
Crypto is up today — but this isnt a trend reversal yet.
After heavy drops across the market, what youre seeing now is a classic post-dump correction: when price falls too fast, overshoots support, and naturally snaps back. The attached Bitcoin chart shows exactly that kind of rebound. And as always, when BTC stabilizes, the entire crypto market follows.
Lets break it down.
Bitcoin Price Analysis: A Clean Technical Rebound
Looking at the BTC 2H chart:
This kind of rebound happens after extreme selling pressure.
Markets rarely drop in a straight line — they “reset” through short squeezes and technical bounces.
Important:
BTC still remains far below the upper yellow resistance at $94,200, meaning bulls have a long way to go before the trend shifts.
Why the Crypto Market Is Up: Everything Still Follows BTC
The BTC dominance chart below confirms what always happens:
When Bitcoin bounces, the entire crypto market turns green— even during a larger downtrend. That's because Bitcoin still leads cryptos, any change that happens to Bitcoin will have a domino effect on most altcoins.
Bitcoin dominance chart - coinmarketcap
Look at the 24h percentage column:
Even coins that have been crushed all week are recovering slightly today.
This is a classic correlated market rebound:
Nothing about market structure has changed — the trend is still down on higher timeframes — but the bounce is strong enough to lift every top-10 coin.
Will Bitcoin Price GO UP Again?
Not yet.
Heres why:
For this recovery to be real, BTC must:
Until then, this move is a relief bounce inside a downtrend.
Crypto Prediction: What Happens Next for Crypto?
Short term:
Mid term:
Disclaimer:
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