Bitcoin (BTC) Price Today: BTC Tests $98K Resistance as Hidden Bullish Divergences Hint at $107K Corrective Bounce

**Bitcoin Holds Key Levels Amid Market Uncertainty**

Bitcoin (BTC) is trading near $95,000 as of November 17, 2025, following a 25% pullback from its October all-time high of around $130,000. Historically, Bitcoin has experienced similar 20-30% retracements in post-halving cycles before resuming trend acceleration, as seen in 2017 and 2020. The current consolidation resembles those previous ranges, signaling a period of careful observation rather than panic.

Bitcoin remains in a no-trade zone, eyeing $98,000 resistance or risking a drop to $90,500 support. This reflects the need for traders to wait for clear signals before taking positions.

—

### Technical Indicators Signal Caution

Several technical factors suggest Bitcoin may encounter heightened volatility. The daily chart shows an approaching “death cross,” a pattern in which the 50-day moving average crosses below the 200-day moving average. While this historically signals momentum loss and potential 20-30% corrections, bull-market cycles can sometimes produce false signals, requiring additional context.

Bitcoin’s moves toward $107,000 remain corrective, with cautious momentum as USDT dominance rises and $90,500 support holds critical risk levels. However, JPMorgan’s proprietary mining economics model points to a $94,000 production cost floor, which may act as support and limit downside.

TradingView analyst MrWyckof, specializing in technical charting, noted that “the moves up to the $107,000 region are still just corrections. Previous rising channel tests showed hidden bullish divergences on RSI, MACD, and Stochastics, which led to strong recoveries.”

Hidden bullish divergences occur when momentum indicators suggest potential strength despite price pullbacks—a signal traders often use to anticipate rebounds.

—

### Short-Term Scenarios: Relief Rally and Further Weakness

Crypto trader Alejandro₿TC (@Alejandro_XBT), known for his on-chain and intraday analysis, suggested Bitcoin could first dip to $87,000 before a short-term relief rally toward $100,000, potentially benefiting altcoins along the way.

These scenarios are possibilities, not predictions, and depend on broader market sentiment and liquidity conditions. Bitcoin eyes a dip to approximately $87,000, with a potential relief rally to around $100,000, while altcoins could surge during the rebound.

Meanwhile, the stablecoin dominance (USDT) index, which measures stablecoin market share, has risen above its long-term descending trendline. This reflects growing demand for safer assets, suggesting a risk-off environment as traders seek stability during Bitcoin’s current retracement.

—

### Key Support and Resistance Levels

– **Support:** $90,500 is a critical level. A daily close below this could open the door for deeper corrections toward $69,000–$70,000, based on historical horizontal support levels.

– **Resistance:** $98,000 must be reclaimed to signal bullish continuation. Failure to break this level could prolong consolidation or trigger further retracement.

– **Corrective Targets:** Moves toward $107,000 remain corrections, supported by hidden bullish divergences in key momentum indicators.

—

### Market Outlook: Balanced but Cautious

Overall, Bitcoin demonstrates both resilience and caution. Hidden bullish divergences signal potential for recovery, while ongoing whale selling, an impending death cross, and rising stablecoin demand highlight risks.

At press time, Bitcoin was trading at around $95,128, down 1.02% in the last 24 hours. Traders should remain attentive to $90,500 support, $98,000 resistance, and potential corrective zones near $107,000—using these levels as guides rather than guarantees.
https://bitcoinethereumnews.com/bitcoin/bitcoin-btc-price-today-btc-tests-98k-resistance-as-hidden-bullish-divergences-hint-at-107k-corrective-bounce/

You may also like

How another early clash with Heat can help Knicks in the long run

2025 年 11 月 16 日

DeMeco Ryans Gets Real About Davis Mills, Texans’ QB Situation

2025 年 11 月 16 日

DSA warns Gov. Kathy Hochul over ‘third strike’ as worried NY Dems embrace Zohran Mamdani’s tax hikes

2025 年 11 月 16 日