Bitcoin’s technical structure is flashing a rare and powerful signal. Despite a recent price dip, a bearish-sounding Death Cross has just triggered precisely at a major structural support, the lower boundary of a long-term pattern. This bullish confluence, where historical market bottoms align with key technical support, suggests that the correction is complete and a significant upward bounce is imminent in the short term. $100,460 Range Low Now Flipped Into Key Resistance BTC has officially lost the range low and slipped to the $96,000 area, according to Lennaert Snyder, who outlined a clear game plan for the days ahead. He noted that the former range low of $100,460 has now flipped into a key resistance level, shaping the next phase of market behavior. Related Reading: Bitcoin Rejection Was No Accident — Now The Battle Shifts To $93,000–$97,000 Survival Zone Snyder explained that if Bitcoin retests the $100,460 mark, the reaction will determine the next move. A rejection at that level would favor short setups, while a successful reclaim would open the door for bullish opportunities. Should BTC reclaim the range low, Snyder expects bullish momentum to kick in, with the first target sitting near the $103,460 resistance area. A push into that zone would signal that buyers are regaining meaningful control over the market. Despite the recent drop, Snyder emphasized that there’s still plenty of liquidity and support below current prices while watching for deeper tests that could provide long entries once reversal signals begin to form. Overall, the market remains technically clean, and price action continues to respect every level with precision. Death Cross Triggers At Megaphone Support — Timing Could Be Perfect For Bitcoin According to a recent post by Colin Talks Crypto, Bitcoin has just flashed a major signal, the Death Cross, which has historically aligned with market bottoms rather than tops despite its ominous name. What makes this even more compelling is its perfect timing: the setup triggered at the exact moment BTC touched the lower boundary of its expanding megaphone pattern. Related Reading: Bitcoin Crashes To $98,000 As HODLer Selling Accelerates The expert noted that this scenario was projected weeks in advance, with mid-November marked as the window to watch. Right on schedule, Bitcoin has landed precisely where the analysis suggested it would. Colin explained that death crosses often act as bottom markers at the tail end of downtrends. Pairing that with BTC hitting a major structural support gives the setup even stronger bullish undertones. It’s not just a technical coincidence – it’s a confluence backed by pattern behavior. With these elements lining up, he believes the probability of an upward reaction from here is high. The chart structure now favors a short-term bounce, suggesting that Bitcoin could soon shift away from weakness and begin carving out a recovery move. Featured image from Pixabay, chart from Tradingview.com
As Bitcoin continues its upward momentum, technical analysts are pointing to the long-observed Power Law resistance band. While market sentiment remains bullish, the proximity to this structural ceiling raises the possibility of increased volatility and consolidation. Analyst Highlights Technical Headwinds Facing Bitcoin Rally Despite recent bullish momentum, Bitcoin has yet to break through a key resistance level on the long-term power law chart. According to Alphractal’s post on X, these trendlines have historically mapped support and resistance with impressive precision, while effectively guiding BTC price movements over the years. Related Reading: Are Traders Walking Into a Bitcoin Bull Trap at $118K? Here’s What the Data Shows To confirm a sustained bull run, BTC must decisively break above the $122,000 level, which is currently acting as the ceiling on the long-term model. The BTC Long-Term Power Law is a powerful yet underappreciated indicator in the crypto space that offers a unique perspective on the long-term price behavior. This model utilizes a logarithmic scale on both price and time. This format is rarely used in traditional markets but is particularly suited for assets with exponential growth trajectories, such as BTC. By applying linear regression to log-log data, it generates smooth predictive trend lines that help provide a macro perspective on price evolution. Bitcoin is unlikely to fall below $108,000 by the year 2033, says Joao_wedson, the creator of the Long-Term Power Law model. Such a move would violate the model historical trend. Furthermore, Alphractal notes that this tool is a must-watch for long-term investors aiming to position themselves strategically in the crypto market. Analyst Predicts Bitcoin’s Market Peak Within Six Months In an X post, analyst Colin Talks Crypto stated that it feels like Bitcoin might be roughly six months away from reaching the market top. Despite the ongoing price rally, he pointed out that sentiment remains surprisingly low, which is a key factor in his outlook. Related Reading: Bitcoin Holders Still Reluctant To Sell – Supply Active Data Shows Room For Upside It will take time for retail to get excited, and sentiment indicators are near some of their lowest point, which suggests that BTC price could continue climbing before reaching the euphoric highs of a market top. The technical indicators are overwhelmingly bullish, which suggests that there is still room for the price to continue its ascent. The recent breakout on BTC Monthly Candle highlights sustained momentum, while the Crypto Bull & Bear Indicator (CBBI) remains relatively underheated. This suggests that the market is not yet overextended and could continue its upward trajectory. Additionally, the global M2 money supply continues its upward trajectory, while injecting liquidity into the financial system that can fuel asset price gains. Meanwhile, the S&P 500 has reached new all-time highs, while reflecting positive investor confidence and risk appetite that often extends into the crypto markets. The Government and corporate BTC treasuries have barely even begun to take shape. Colin mentioned that the hype around institutional adoption is still on the horizon as we approach the market top. Featured image from iStock images, chart from tradingview.com