Bitcoin snaps back near $69,000 but analysts warn the market may not be out of the woods yet

Crypto rebounds sharply from Tuesday's lows, yet traders question whether the move marks a lasting turn or another range-bound bounce. What to know : Bitcoin jumped back to $69,000 in a sharp short squeeze that jolted altcoins such as ETH, SOL, DOGE, and ADA, as well as crypto-related stocks like Circle, Coinbase, Strategy, and BitMine, after weeks of selling pressure. The rebound appears to be a technical bounce driven by bearish positioning and thin liquidity rather than by clear fundamental catalysts, and LMAX Group's Joel Kruger urged caution about its durability. Some funds are chasing the rally, rotating to volatile altcoins and options, FalconX's Joshua Lim said. Key resistance levels for bitcoin around $72,000 and $78,000 must be broken on a sustained basis to signal a stronger structural uptrend.(Coindesk)