Why Crypto Is Going Up Today? Bitcoin, XRP Price, Ethereum and Dogecoin Jump Ahead of Fed Decision This Week

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.

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:

• This New Bitcoin Price Prediction From Saxo Bank Warns BTC Could Fall to Zero
• Tom Lee Cuts $250K Bitcoin Price Prediction on Thanksgiving, but Cathie Wood Stays BTC Bull
• Bitcoin Price Prediction: Arthur Hayes Sees $250K, But My BTC Price Analysis Points to Bull Trap and $74K First

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.

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.

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.

• 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.