The
cryptocurrency market is flashing green during Monday’s trading session, 8
December, 2025, prompting investors to ask why crypto is going up today.
Major assets like Bitcoin, Ethereum, XRP, and Dogecoin are posting gains,
driven by a relief bounce from recent lows.
However,
despite today’s optimism, my technical analysis suggests this is likely a
temporary pause before further declines. Below you can find a detailed
breakdown of the charts for Bitcoin, Ethereum, XRP, and Dogecoin.
Why Crypto Is Surging
Today?
The crypto
market is seeing a recovery as volatility begins to normalize. According to
Paul Howard, Director at Wincent, the market is currently establishing a
trading range rather than entering a full-blown bull run.
“We
continue to see cryptocurrency prices closely correlated with global
macro-economic events. Whilst BTC CME volatility has gradually risen the past
few weeks, the return to high 40s is welcome from many traders,” he said.
Bitcoin is
currently supported mainly by the weakening U.S. dollar, which has
fallen to its lowest level since October, as well as a renewed appetite for
risk assets, including equities. The S&P 500 ended last week at 6,870,
its highest level in six weeks.
This week,
investors are focused on the Federal Reserve, which will announce its
interest rate decision on Wednesday.
How does
the technical picture look on the charts? I examine it in the following section
of the analysis.
Bitcoin Price Analysis:
Why I Believe BTC Will Drop to $74,000
BTC Current
Price: $92,000
(+1.8%)
During
Monday’s session, Bitcoin (BTC) is trading around $92,000, marking a
second consecutive day of gains. However, according to my technical analysis,
this sideways movement is merely a pause before a continuation of the downtrend
toward my ultimate target: the
April lows of $74,000.
Currently,
I see Bitcoin trapped below a critical resistance zone of $92,000 – $94,000.
On my chart, the price has already printed bearish sell signals twice at this
height, most recently a bearish engulfing pattern between December 3rd and 4th.
Bitcoin technical analysis. Why BTC price is going up today? Source: Tradingview.com
Furthermore,
I am closely watching the “Death Cross” (50-day EMA crossing below
the 200-day EMA) that
formed on November 16. To me, this is a clear signal that current levels
will not hold. I expect the recent lows to be breached, with Bitcoin eventually
descending to my target of $74,000. Only after flushing out the “weak
hands” at that level do I expect a slow re-accumulation and a eventual
return to All-Time Highs, though almost certainly not this year.
“In my
assessment, it is far too early to pop the champagne and announce that the
worst is over,” Arkadiusz Jóźwiak, Crypto Analyst and Editor-in-Chief at
Comparic.pl, said, backing my outlook. “From a technical point of view,
the downtrend will continue as long as Bitcoin does not break new higher
peaks.”
Please also check
my other articles with Bitcoin price predictions and analyses:
Ethereum Price Technical
Analysis Points to a Fall Below $1,500
ETH Current
Price: ~$3,156
(+3%)
Ethereum
(ETH) is recovering above the psychological $3,000 level, but my
analysis suggests caution. As I observe on the chart, ETH remains stuck in a
month-long consolidation between support at $2,750 and resistance at $3,400.
Similar to
Bitcoin, the moving averages on my chart show a Death Cross, confirming a
dominant downtrend. Consequently, I am betting on a breakdown from this
consolidation rather than a breakout.
If my
bearish scenario plays out, the price will slide toward the June lows of $2,100.
My ultimate bearish target for Ethereum aligns with the April lows, meaning I
see a high probability of ETH falling below $1,500.
Ethereum technical analysis. Why ETH price is going up today? Source: Tradingview.com
XRP Price Forecast: Why I
Am Targeting $1.25?
XRP Current
Price: $2.09
(+2.6%)
XRP is
enjoying a bounce, but I remain skeptical of this rally. My analysis identifies
a local resistance zone starting at $2.00 and extending to $1.90,
where declines halted in late November.
While the
June lows at this level previously triggered a massive rally to $3.60, the
technical situation today is vastly different. I see strong sell signals,
including another Death Cross, which supports the bears. If the current local
support fails, I assume further depreciation for XRP.
My first
target is $1.61, followed
by an ultimate slide to $1.25, the lowest levels since November
2024.
What would
change my mind? For me to flip bullish, XRP would need to reclaim the
resistance zone between $2.20 and $2.30. The optimal bullish scenario
would require a breakout above $2.70, but until then, I remain bearish.
XRP technical analysis. Why XRP price is going up today? Source: Tradingview.com
Dogecoin Price Prediction:
DOGE May Crash to $0.10
DOGE Current
Price: $0.1436
(+3.6%)
Dogecoin (DOGE)
is up 3.6% today, but on my chart, the damage has already been done. DOGE
officially broke through the major support zone I had marked based on the lows
of March, April, and June.
On November
21, the price dipped to $0.1332, proving to me that the buying pressure
has evaporated. In my opinion, the fact that the zone widened without a dynamic
rebound is a significant weakness. The pressure remains strongly bearish as
sellers have pushed the price below key technical levels.
Dogecoin technical analysis. Why DOGE price is going up today? Source: Tradingview.com
- Breakdown:
On November 21, the price dipped as low as $0.1332, widening the support zone
but failing to trigger a dynamic rebound. - Trend:
Moving averages indicate a downtrend. - Recovery Hurdle: To relieve selling pressure, DOGE must return to at least $0.20
(psychological level + 200-day MA). Only then could a move toward $0.30 be
considered.
For
Dogecoin to relieve this selling pressure, it would need to return to at least $0.20
on my chart. Until that happens, I am treating this as a “hunt for
lows.” If the current fragile support gives way, I
expect a crash toward $0.10, testing the flash-crash levels from
October 10.
FAQ: Common Questions
About Today’s Crypto Market
Why is crypto going up
today?
The crypto
market is rising today due to a relief bounce and stabilizing global macro
sentiment, as noted by Wincent Director Paul Howard. However, despite the green
charts, technical indicators suggest this is a temporary correction within a
broader downtrend rather than the start of a new bull run.
What is the Bitcoin price
prediction for late 2025?
While
Bitcoin has recovered to $92,000, technical analysis predicts a drop to $74,000
in the coming weeks. A “Death Cross” formation and resistance at
$94,000 suggest that Bitcoin will likely revisit its April lows before any
sustainable long-term recovery begins.
Will Ethereum go back up
to $4,000?
No, it is
unlikely in the short term. Ethereum is currently trapped in a bearish
consolidation between $2,750 and $3,400. Technicals point to a high probability
of a breakdown toward $2,100, with a potential ultimate bottom below $1,500
if the bearish trend confirmed by the 50/200 MA cross continues.
Is Dogecoin a good
investment right now?
Yes, but caution
is advised. Despite today’s 3.6% gain, Dogecoin has broken major support levels
from earlier this year. Unless DOGE reclaims the $0.20 level, the chart
favors a “hunt for lows” strategy with a price target of $0.10.
Why is XRP price falling
despite the rally?
Although
XRP is up slightly today, the broader trend is bearish due to a “Death
Cross” signal. Unless XRP breaks above resistance at $2.20-$2.30,
analysts forecast a decline to $1.61 and potentially as low as $1.25.
The
cryptocurrency market is flashing green during Monday’s trading session, 8
December, 2025, prompting investors to ask why crypto is going up today.
Major assets like Bitcoin, Ethereum, XRP, and Dogecoin are posting gains,
driven by a relief bounce from recent lows.
However,
despite today’s optimism, my technical analysis suggests this is likely a
temporary pause before further declines. Below you can find a detailed
breakdown of the charts for Bitcoin, Ethereum, XRP, and Dogecoin.
Why Crypto Is Surging
Today?
The crypto
market is seeing a recovery as volatility begins to normalize. According to
Paul Howard, Director at Wincent, the market is currently establishing a
trading range rather than entering a full-blown bull run.
“We
continue to see cryptocurrency prices closely correlated with global
macro-economic events. Whilst BTC CME volatility has gradually risen the past
few weeks, the return to high 40s is welcome from many traders,” he said.
Bitcoin is
currently supported mainly by the weakening U.S. dollar, which has
fallen to its lowest level since October, as well as a renewed appetite for
risk assets, including equities. The S&P 500 ended last week at 6,870,
its highest level in six weeks.
This week,
investors are focused on the Federal Reserve, which will announce its
interest rate decision on Wednesday.
How does
the technical picture look on the charts? I examine it in the following section
of the analysis.
Bitcoin Price Analysis:
Why I Believe BTC Will Drop to $74,000
BTC Current
Price: $92,000
(+1.8%)
During
Monday’s session, Bitcoin (BTC) is trading around $92,000, marking a
second consecutive day of gains. However, according to my technical analysis,
this sideways movement is merely a pause before a continuation of the downtrend
toward my ultimate target: the
April lows of $74,000.
Currently,
I see Bitcoin trapped below a critical resistance zone of $92,000 – $94,000.
On my chart, the price has already printed bearish sell signals twice at this
height, most recently a bearish engulfing pattern between December 3rd and 4th.
Bitcoin technical analysis. Why BTC price is going up today? Source: Tradingview.com
Furthermore,
I am closely watching the “Death Cross” (50-day EMA crossing below
the 200-day EMA) that
formed on November 16. To me, this is a clear signal that current levels
will not hold. I expect the recent lows to be breached, with Bitcoin eventually
descending to my target of $74,000. Only after flushing out the “weak
hands” at that level do I expect a slow re-accumulation and a eventual
return to All-Time Highs, though almost certainly not this year.
“In my
assessment, it is far too early to pop the champagne and announce that the
worst is over,” Arkadiusz Jóźwiak, Crypto Analyst and Editor-in-Chief at
Comparic.pl, said, backing my outlook. “From a technical point of view,
the downtrend will continue as long as Bitcoin does not break new higher
peaks.”
Please also check
my other articles with Bitcoin price predictions and analyses:
Ethereum Price Technical
Analysis Points to a Fall Below $1,500
ETH Current
Price: ~$3,156
(+3%)
Ethereum
(ETH) is recovering above the psychological $3,000 level, but my
analysis suggests caution. As I observe on the chart, ETH remains stuck in a
month-long consolidation between support at $2,750 and resistance at $3,400.
Similar to
Bitcoin, the moving averages on my chart show a Death Cross, confirming a
dominant downtrend. Consequently, I am betting on a breakdown from this
consolidation rather than a breakout.
If my
bearish scenario plays out, the price will slide toward the June lows of $2,100.
My ultimate bearish target for Ethereum aligns with the April lows, meaning I
see a high probability of ETH falling below $1,500.
Ethereum technical analysis. Why ETH price is going up today? Source: Tradingview.com
XRP Price Forecast: Why I
Am Targeting $1.25?
XRP Current
Price: $2.09
(+2.6%)
XRP is
enjoying a bounce, but I remain skeptical of this rally. My analysis identifies
a local resistance zone starting at $2.00 and extending to $1.90,
where declines halted in late November.
While the
June lows at this level previously triggered a massive rally to $3.60, the
technical situation today is vastly different. I see strong sell signals,
including another Death Cross, which supports the bears. If the current local
support fails, I assume further depreciation for XRP.
My first
target is $1.61, followed
by an ultimate slide to $1.25, the lowest levels since November
2024.
What would
change my mind? For me to flip bullish, XRP would need to reclaim the
resistance zone between $2.20 and $2.30. The optimal bullish scenario
would require a breakout above $2.70, but until then, I remain bearish.
XRP technical analysis. Why XRP price is going up today? Source: Tradingview.com
Dogecoin Price Prediction:
DOGE May Crash to $0.10
DOGE Current
Price: $0.1436
(+3.6%)
Dogecoin (DOGE)
is up 3.6% today, but on my chart, the damage has already been done. DOGE
officially broke through the major support zone I had marked based on the lows
of March, April, and June.
On November
21, the price dipped to $0.1332, proving to me that the buying pressure
has evaporated. In my opinion, the fact that the zone widened without a dynamic
rebound is a significant weakness. The pressure remains strongly bearish as
sellers have pushed the price below key technical levels.
Dogecoin technical analysis. Why DOGE price is going up today? Source: Tradingview.com
- Breakdown:
On November 21, the price dipped as low as $0.1332, widening the support zone
but failing to trigger a dynamic rebound. - Trend:
Moving averages indicate a downtrend. - Recovery Hurdle: To relieve selling pressure, DOGE must return to at least $0.20
(psychological level + 200-day MA). Only then could a move toward $0.30 be
considered.
For
Dogecoin to relieve this selling pressure, it would need to return to at least $0.20
on my chart. Until that happens, I am treating this as a “hunt for
lows.” If the current fragile support gives way, I
expect a crash toward $0.10, testing the flash-crash levels from
October 10.
FAQ: Common Questions
About Today’s Crypto Market
Why is crypto going up
today?
The crypto
market is rising today due to a relief bounce and stabilizing global macro
sentiment, as noted by Wincent Director Paul Howard. However, despite the green
charts, technical indicators suggest this is a temporary correction within a
broader downtrend rather than the start of a new bull run.
What is the Bitcoin price
prediction for late 2025?
While
Bitcoin has recovered to $92,000, technical analysis predicts a drop to $74,000
in the coming weeks. A “Death Cross” formation and resistance at
$94,000 suggest that Bitcoin will likely revisit its April lows before any
sustainable long-term recovery begins.
Will Ethereum go back up
to $4,000?
No, it is
unlikely in the short term. Ethereum is currently trapped in a bearish
consolidation between $2,750 and $3,400. Technicals point to a high probability
of a breakdown toward $2,100, with a potential ultimate bottom below $1,500
if the bearish trend confirmed by the 50/200 MA cross continues.
Is Dogecoin a good
investment right now?
Yes, but caution
is advised. Despite today’s 3.6% gain, Dogecoin has broken major support levels
from earlier this year. Unless DOGE reclaims the $0.20 level, the chart
favors a “hunt for lows” strategy with a price target of $0.10.
Why is XRP price falling
despite the rally?
Although
XRP is up slightly today, the broader trend is bearish due to a “Death
Cross” signal. Unless XRP breaks above resistance at $2.20-$2.30,
analysts forecast a decline to $1.61 and potentially as low as $1.25.
