Several major crypto assets strengthened again at the start of the week, led by Bitcoin (BTC), which successfully broke back above the $90,000 level. This movement followed a relatively long consolidation phase, especially after BTC briefly fell below $88,000. The recovery indicates that the market still has strong buying interest, particularly ahead of seasonal momentum such as the Thanksgiving holiday, which often triggers increased trading activity.
Bitcoin Retests Its High Range
In the past few sessions, BTC has shown a steady upward pattern after managing to hold at key support levels. The surge toward $90,000 signals reduced selling pressure and suggests that the market has found a solid foundation to initiate a rebound.
Bitcoin’s price movement is also supported by various factors, including growing participation from retail and institutional investors, as well as expectations of a more favorable macroeconomic environment for risk assets. With this trend, Bitcoin is expected to test the next resistance area around $92,000 to $94,000. However, volatility remains an important factor to watch, as BTC frequently experiences rapid short-term fluctuations.
Altcoins Move Positively Following BTC’s Rise
Beyond Bitcoin, several major altcoins also recorded gains. Ethereum (ETH) became one of the most notable movers after stabilizing again near the important psychological level of $3,000. Meanwhile, XRP and Dogecoin (DOGE) also showed moderate increases, reflecting rising risk appetite among market participants.
The upward movement of these altcoins demonstrates a positive correlation with Bitcoin, where BTC rallies often act as the initial trigger that drives other altcoins higher. As volatility decreases and liquidity improves, many traders begin to reposition, especially in large-cap assets.
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