Bitcoin’s technical structure is sending out rare and powerful signals. Despite the recent price drop, the bearish-looking death cross has just been triggered precisely at the lower bound of the long-term pattern, a major structural support. This bullish confluence, where historical market bottoms coincide with key technical support, suggests that the correction is complete and a significant rally is imminent in the short term.
Range low of $100,460 reversed into key resistance
According to Lennart Snyder, Bitcoin has officially lost its range low and has fallen to the $96,000 area. He outlined a clear game plan for the coming days. He noted that the previous range low of $100,460 has now turned into a major resistance level, forming the next phase of market action.
Snyder explained that if Bitcoin retests the $100,460 level, the reaction will determine its next move. A rejection at this level favors a short-term setup, while a successful recovery opens the door to bullish opportunities.
If BTC regains the lower range, Snyder expects the first target to be located near the $103,460 resistance area and bullish momentum begins. A move into this zone would signal that buyers are regaining meaningful control over the market.
Despite the recent pullback, Snyder emphasized that there is still plenty of liquidity and support below the current price, noting a deeper test that could provide a long entry if a reversal signal starts to form. Overall, the market remains technically clean and price action continues to respect all levels accurately.
Death cross triggered in favor of Megaphone—may be perfect timing for Bitcoin
According to a recent post on Colin Talks Crypto, despite its ominous name, Bitcoin just issued a major signal of death cross, which has historically coincided with market bottoms rather than market tops. What makes this even more appealing is its perfect timing. The setup was triggered at the exact moment BTC touched the lower bound of the expanding megaphone pattern.
Experts said this scenario has been predicted for several weeks and pointed to mid-November as the time to watch. As planned, Bitcoin landed exactly where the analysis suggested.
Colin explained that a death cross often acts as a bottom marker at the end of a downtrend. This combined with BTC hitting a major structural support gives an even stronger bullish undertone to the setup. It's not just a technical coincidence, it's a confluence backed by pattern behavior.
Given that these factors are in place, we believe there is a high possibility that an upward reaction will occur from here. The chart structure currently favors a short-term pullback, suggesting that Bitcoin could soon break out of the doldrums and start cutting a recovery move.
