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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BTC/USDT Perpetual (Bybit)
Technical Analysis for BTC/USDT.P
Advanced Chart for BTC/USDT.P
This chart visually represents the consensus indicator scores across all analyzed timeframes, providing a clear, at-a-glance view of the prevailing market sentiment.
-1 = Bearish 🧸 ,+1=Bullish 🐂 ,+-0.5 weak Bullish/Bearish , 0(0.5-0.5) = Neutral
This chart plots the key price levels—floor, resistance, and ceiling—that we identified for each timeframe. It helps in visualizing the critical support and resistance zones.
Disclaimer
The content in this publication is for informational and educational purposes only and does not constitute financial, investment, or trading advice. I am not a licensed financial advisor.
Any opinions, strategies, or analyses shared reflect my personal views and experiences. I may hold positions in the cryptocurrencies mentioned (e.g., BTC, ETH, SOL), which could influence my perspective.
Cryptocurrency markets are highly volatile and involve significant risk. Always do your own research and consult a licensed financial advisor before making any investment decisions.
No guarantees are made regarding the accuracy, completeness, or profitability of any information provided. All opinions are subject to change as new information becomes available.
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