Bitcoin In Bullish Confluence: Death Cross And Key Support Signal Upside

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 ResistanceBTC 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.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 BitcoinAccording 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.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.Weiter zum vollständigen Artikel bei NewsBTC Weiter zum vollständigen Artikel bei NewsBTC