The cryptocurrency market has recently exhibited signs of recovery following a period of decline. $BTC , for instance, rebounded from a low of approximately $92,000, reaching highs around $95,480.
Analysts suggest that Bitcoin's current pullback may be building momentum for a potential rebound in 2025, identifying the $90,000 to $95,000 range as a favorable pullback zone.
$ETH has also shown recovery signs, with significant activity from large holders (whales) withdrawing substantial amounts from exchanges, indicating accumulation. This behavior often reflects positive sentiment and confidence in Ethereum's future performance.
However, some market indicators suggest a possible retest of December's lows, with expectations of a W-shaped recovery or a complete filling of the lower shadow. This implies that while a rebound is possible, the market may experience further volatility before a sustained recovery.
Given these mixed signals, it's important to approach the market with caution. While there are indications of a potential rebound, the inherent volatility of cryptocurrency markets means that future movements are uncertain.
