LMAX Group strategist Joel Kruger believes the Bitcoin and crypto market is staging a strong comeback after weeks of struggle following the Oct. 10 crash.
Notably, his recent commentary comes at a time of growing optimism among investors who see the crypto market regaining strength as global market conditions improve.
LMAX Group Strategist Expects Full Crypto Recovery
For context, on Oct. 10, the total crypto market cap plunged from $4.09 trillion to $3.24 trillion, wiping out about $850 billion in minutes.
Although prices bounced back before the day ended, the market still closed around $3.7 trillion, marking a 9.37% loss, the biggest single-day drop since March 3, 2025. Since then, the market has been trying to recover, and Kruger says that recovery is finally taking shape.
He attributes the rebound to a mix of encouraging global factors. Specifically, softer-than-expected U.S. inflation data has strengthened expectations for a rate cut by the Fed, while easing trade tensions between the U.S. and China have lifted investor sentiment. Kruger believes these developments could help drive crypto prices higher through the end of the year.
Bullish Macro Backdrop
The analyst expects Bitcoin and Ethereum to keep climbing after spending some time consolidating from their earlier record highs. He explained that the ongoing rebound has gained momentum thanks to a better macroeconomic backdrop.
Notably, lower U.S. bond yields and stronger risk appetite have helped attract more buyers into digital assets. Technically, Kruger says the recent Bitcoin and Ethereum pullback was a natural pause and a healthy consolidation before the next major rally. He expects both assets to stay supported during any dips and to push higher into the year’s end.
Kruger also highlighted historical market patterns to back his bullish outlook. He noted that October and the fourth quarter have typically been strong months for crypto. Although this October started with volatility and a steep market crash, he says sentiment in crypto can change quickly and that there’s still plenty of time for momentum to swing in favor of the bulls.
Analysts Flip Bullish as Bitcoin Recovers $115,000
So far, Bitcoin has shown impressive resilience. After dropping to around $108,000 just a week ago, it has rebounded to roughly $115,000, logging four straight days of gains. This renewed strength has inspired several other analysts to share bullish views.
For instance, PlanB, the creator of the Stock-to-Flow model, noted that Bitcoin’s realized price metrics are rising across all time frames, with the five-month realized price now around $113,000. Since Bitcoin trades above these averages, he sees this as a bullish sign.
Realized price $55k and rising +
2-year realized price $95k and rising +
5-month realized price $113k and rising +
Bitcoin $115k, above all realized prices = bullish🚀 pic.twitter.com/QWwIaAXyDx— PlanB (@100trillionUSD) October 27, 2025
Meanwhile, analytics firm Glassnode added that the Stablecoin Supply Ratio (SSR) Oscillator remains near cycle lows, showing that there’s plenty of stablecoin liquidity ready to flow into Bitcoin once confidence fully returns.
Also, market veteran Michaël van de Poppe said $112,000 was the critical resistance level Bitcoin needed to break. Now that it has, he expects a small pullback before the next FOMC meeting, followed by another strong push that could send Bitcoin to a new all-time high in November.
This was the crucial resistance zone to break through for $BTC.
The $112K marked the tipping point for me.
Once that broke, it’s clear that this bull market is far from over and that we’re about to have way more upside to come in here.
What’s next?
Probably, just before FOMC,… pic.twitter.com/GudzyBYEJa
— Michaël van de Poppe (@CryptoMichNL) October 27, 2025
In the altcoin market, Ethereum has also bounced back above $4,000, now trading near $4,155. However, trader Shafyn Khan believes the asset may revisit the $3,700 to $3,800 range before making another push higher, based on its current technical setup.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.