Bitcoin Death Cross Signals Bullish Reversal at Key Support

Bitcoin’s technical structure is flashing what appears to be a contradictory but potentially powerful signal. Despite its ominous name, the Death Cross has just triggered precisely at a major structural support level, creating what analyst Colin Talks Crypto describes as a ‘bullish confluence.’ This rare alignment occurs when historical market bottoms coincide with key technical support, suggesting that the recent correction may be complete and a significant upward bounce could be imminent in the short term.

According to Colin Talks Crypto, death crosses often act as bottom markers at the tail end of downtrends rather than signaling further declines. The timing of this particular formation adds to its significance – it triggered exactly as Bitcoin touched the lower boundary of its expanding megaphone pattern. This scenario was projected weeks in advance, with mid-November marked as the window to watch, and Bitcoin has landed precisely where the analysis suggested it would.

While the technical setup suggests bullish potential, analyst Lennaert Snyder outlines a clear game plan for the days ahead based on key price levels. Bitcoin has officially lost the range low and slipped to the $96,000 area, with the former range low of $100,460 now flipped into a critical resistance level. This price point represents the next major battleground that will shape Bitcoin’s near-term trajectory.

Snyder explains that the reaction at the $100,460 mark will determine the next market move. A rejection at that level would favor short setups, while a successful reclaim would open the door for bullish opportunities. Should BTC manage to 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 to the $96,000 area, Snyder emphasizes that there’s still plenty of liquidity and support below current prices. The market remains technically clean, with price action continuing to respect every level with precision, providing clear signals for traders watching for deeper tests that could offer long entries once reversal signals begin to form.

The confluence of technical factors now strongly favors a short-term upward reaction. The Death Cross triggering at megaphone support creates what Colin Talks Crypto describes as ‘not just a technical coincidence – it’s a confluence backed by pattern behavior.’ With these elements lining up perfectly, the probability of Bitcoin shifting away from weakness and beginning to carve out a recovery move appears high.

The technical structure suggests that Bitcoin could soon initiate a bounce, moving from its current position of relative weakness toward reclaiming key resistance levels. The precision with which Bitcoin has respected technical levels throughout this correction provides additional confidence in the setup, as the market has maintained clean technical behavior despite recent price volatility.

For traders and investors, the current setup offers clear levels to watch. The $100,460 resistance represents the immediate hurdle, with a successful break above potentially triggering momentum toward $103,460. The alignment of the Death Cross with major structural support provides the fundamental technical rationale for expecting a reversal, while the precise respect of price levels offers clear entry and exit points for position management.