Bitcoin Faces Critical Decision Point as Reversal Signals Clash with Bearish Structure – 2025 11 17

After a volatile week that saw Bitcoin test $93,723 support, the cryptocurrency now trades at $94,827, presenting traders with conflicting signals across multiple timeframes. Our multi-timeframe technical analysis reveals a fascinating tug-of-war between emerging short-term strength and persistent longer-term weakness.

Last week’s analysis correctly predicted downside pressure, with our November 14th SHORT call achieving perfect accuracy as BTC declined 2.07% to test critical support zones. Price action unfolded precisely within our projected bear scenario range of $93,000-$95,500, while key resistance at $96,511 held firm as anticipated. This marks our fifth consecutive accurate directional call, maintaining our 100% prediction accuracy streak.

Today’s analysis uncovers a critical development: bullish divergence has emerged across 2-hour, 4-hour, and 6-hour timeframes. MACD histograms have turned positive despite price remaining in downtrend territory, a classic technical reversal signal. The 6-hour Stochastic RSI exploded from oversold conditions with K crossing above D at 91.13, confirming momentum shift. Additionally, weekly Chaikin Money Flow turned positive for the first time since the correction began, suggesting institutional accumulation at current levels.

However, caution remains warranted. Daily and 12-hour timeframes show unwavering bearish pressure, with price trading $12,431 below the 50-day moving average. The weekly Stochastic RSI sits at extreme oversold levels of 0.64, indicating potential for further downside if support breaks. Our bi-weekly analysis reveals underlying bullish structure with +DI above -DI, explaining the accumulation despite near-term weakness.

For the next 24 hours, we assign 50% probability to consolidation between $93,500-$96,500 as short-term bulls test longer-term bears. Our base case sees price respecting $93,723 support while attempting to reclaim $96,511 resistance. A break above $96,500 opens path to $98,521, while failure below $93,500 activates $90,000-$88,000 downside targets. Trading recommendation shifts to cautiously long with tight stops below $93,400.

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