Bitcoin’s technical structure sends a rare and powerful signal. Despite a recent price decline, a bearish-sounding Death Cross has just activated key structural support, the lower bound of a long-term pattern. This bullish coincidence, with historic market bottoms coinciding with key technical support, suggests that the correction has been completed and a significant upside rebound is underway in the near term.
Range from $100,460 low, now turning into key resistance
According to Lennaert Snyder, BTC has officially lost the low range and dropped to the $96,000 area. outlined a clear game plan for the coming days. He noted that the previous low of $100,460 has now turned into a key resistance level, shaping the next phase of market behavior.
Snyder explained that if Bitcoin retests the $100,460 mark, the reaction will determine the next step. A rejection at that level would favor short setups, while a successful retracement would open the door to bullish opportunities.
Should BTC regain the low range, Snyder expects bullish momentum to occur, with the first target near the $103,460 resistance area. A push into that zone would signal that buyers are regaining meaningful control of the market.
Despite the recent decline, Snyder emphasizes that there is still plenty of liquidity and support below current prices, while looking forward to deeper tests that could see long entries once reversal signals begin to form. Overall, the market remains technically clean and price action continues to accurately respect each level.
Death Cross Triggers in Megaphone Support – Timing Could Be Perfect for Bitcoin
According to a recent after by Colin Talks Crypto Bitcoin just delivered a major signal, the Death Cross, which has historically connected to the market’s bottoms rather than tops, despite its ominous name. What makes this even more compelling is the perfect timing: the setup was triggered at the exact moment BTC hit the lower limit of its expanding megaphone pattern.
The expert noted that this scenario had been predicted weeks in advance, with mid-November identified as a window. Right on schedule, Bitcoin has landed exactly where the analysis suggested.
Colin explained that death crosses often act as bottom marks at the end of a downtrend. Combining that with the fact that BTC has major structural support, the setup takes on an even stronger bullish undertone. It’s not just a technical coincidence – it’s a coincidence of behavior, supported by patterned behavior.
With these elements lined up, he believes there is a good chance of an upward reaction from here. The chart structure now favors a near-term recovery, suggesting that Bitcoin could quickly move on from weakness and make a recovery move.