The market woke up fast last night as Bitcoin price bounced sharply from its recent bottom that had been forming for days, pulling back above $90,000 while ETH USD finally cracked the $3,000 level again.
This jump surprised almost no one. ETF flow data has been turning green for two straight days, with both BlackRock and Fidelity stepping back in. SOL and BNB followed with the same 3% gains, adding to the sense that the worst may have already passed for the crypto market.
Bitcoin Price Technical Shift and Market Structure
Bitcoin price took the rebound ball, tapped it into the goal line just as a good striker would do. Keep attacking the support line until the goal is reached. The current run also lined up perfectly with liquidation zone forecasts. Nearly a billion dollars in liquidations reset the overleveraged long positions, a setup that has always sprung back in every cycle.
(source – Liquidation Heatmap, Coinglass)
Institutional flows, too, continue to support the rally. ETFs logged strong inflows, retirement funds are gradually integrating Bitcoin exposure, and sentiment has shifted away from fear.
Bitcoin’s RSI briefly fell to 28, a level that historically hits macro bottoms. Even the recent deathcross signal, which is usually seen as bearish, has doubled Bitcoin in previous cycles within six months, something we should never forget.
(source – Bitcoin RSI, TradingView)
Similar signs are forming on ETH USD charts. The RSI for ETH also bounced off oversold levels, while liquidation heatmaps show calmer pressure above the $2,850 region. With patterns matching older market structures. Right now, we are seeing room for ETH USD to stretch toward higher resistance zones.
(source – ETH USD, TradingView)
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ETH USD Strength as Altcoin Cycle Indicators Favor More Upside: Top is Not In Yet
With ETH USD reclaiming $3,000, altcoins showed early signs of reversal. SOL, BNB, and other oversold names joined the rally as rotation away from Bitcoin strengthened alts’ dominance.
(source – CoinGecko)
Just as expected, once Bitcoin price dominance slipped from 61% to the high-50s, it triggered an altseason. The altcoin season index quietly moved into the mid-30s and is lagging behind, giving us the perfect opportunity to enter the altcoin space.
(source – Altseason Index, CoinGlass)
Only two micro indicators hint at a possible cycle top, which are the 50-day MA cross and the end of the four-year cycle. But nearly twenty usual indicators argue the exact opposite.
Stocks like the S&P 500 are sitting at all-time highs, gold is pushing records, and M2 money supply expansion remains elevated. Add in more upcoming rate cuts, the recent government shutdown resolution, and historically reliable trend markers. Not a single bullrun top indicator has been triggered just yet.
With Bitcoin price stabilizing and ETH USD gaining strength, we see far more evidence of continuation of the cycle, and a violent move upward could come at any time.
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BONK Forms Cup and Handle, TURBO, and WOJAK Meme Coin Join Bounce
The surge in meme-coin activity has risen as traders began scanning for the next new presale to buy, with BONK, TURBO, and WOJAK all flashing technical setups that signal the start of another leg up. BONK Crypto is forming one of its strongest chart structures of the year, TURBO Crypto is showing early signs of a trend reversal, and WOJAK Crypto has erupted with massive gains despite market weakness.
With momentum returning to memecoins season, analysts say one emerging presale could outshine them all. But let’s first see how these fellows are performing so far.
Read the full story here.
The post Crypto Market News Today, November 27: Bitcoin Price Rebounds After Hitting Bottom, ETH USD Cracks 3K as Altseason Approaches appeared first on 99Bitcoins.
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