Bitcoin’s technical setup is showing a rare and powerful signal. Even though the price recently dropped, a bearish-sounding Death Cross has just occurred right at a major support level—the lower edge of a long-term pattern. This bullish combination, where historical market lows meet key technical support, indicates that the correction may be over and a strong upward move could be coming soon.
According to Lennaert Snyder, Bitcoin has fallen below the previous range low and is now trading around $96,000. He explained that the former support at $100,460 has turned into a key resistance level, which will influence the market’s next moves. Snyder noted that if Bitcoin tests the $100,460 level again, the market’s reaction will be crucial. A rejection there would favor short positions, while a successful break above could lead to bullish opportunities. If Bitcoin reclaims that level, Snyder expects bullish momentum to build, with the first target near $103,460. Moving into that zone would show that buyers are taking control again.
Despite the recent decline, Snyder pointed out that there is still strong liquidity and support below current prices. He is watching for deeper tests that could offer long entry opportunities once reversal signals appear. Overall, the market remains technically sound, with price action respecting key levels precisely.
In a recent update, Colin Talks Crypto highlighted that Bitcoin has just triggered a Death Cross, a signal that has historically marked market bottoms rather than tops, despite its name. What makes this even more significant is its timing: it happened exactly as Bitcoin touched the lower boundary of its expanding megaphone pattern. Colin noted that this scenario was predicted weeks ago, with mid-November identified as the key period—and Bitcoin has arrived right on schedule.
He explained that Death Crosses often signal the end of downtrends. Combined with Bitcoin hitting a major structural support, this adds to the bullish outlook. It’s not just a coincidence—it’s a convergence supported by pattern behavior. With these factors aligning, Colin believes there’s a high chance of an upward move from here. The chart structure now supports a short-term bounce, suggesting Bitcoin could soon shift from weakness to recovery.
Frequently Asked Questions
Of course Here is a list of FAQs about Bitcoin showing bullish signs from a death cross and strong support designed to be clear and helpful for all levels of understanding
Beginner Definition Questions
1 What is a Death Cross in Bitcoin trading
A Death Cross is a chart pattern that happens when a cryptocurrencys shortterm average price falls below its longterm average It has historically been seen as a bearish signal but it can sometimes mark the bottom of a downtrend
2 What does strong support level mean
A support level is a specific price point where buying interest is historically strong enough to prevent the price from falling further Think of it as a price floor that the asset has had trouble breaking below
3 I thought a Death Cross was a bad sign Why is it now considered bullish
Youre right its traditionally bearish However in some cases a Death Cross can appear after a significant price drop has already happened When it forms alongside a strong support level that holds it can signal that the selling pressure is exhausted and a potential reversal upward is possible
4 What is a bullish sign
A bullish sign is any indicator or pattern that suggests an assets price is likely to increase in the future
Intermediate Market Analysis Questions
5 How can a death cross and strong support work together to hint at a price rise
The strong support level shows that the price has found a bottom and buyers are stepping in The Death Cross occurring near this support can indicate that the worst of the downtrend is over This combination suggests that the momentum may be shifting from selling to buying
6 Are these signs reliable predictors
No single indicator is 100 reliable They are tools to help assess probability not certainty The market is influenced by many factors including news regulations and overall investor sentiment which can override any technical pattern
7 What other indicators should I look at to confirm a bullish trend
To get a clearer picture you could also look for
Increasing trading volume on upswings
A potential Golden Cross