"Bitcoin This Week: Understanding the Death Cross and the $96K Rebound"

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Nov 24 2025

Should l Buy BTC?

Bitcoin Price Movement: Bitcoin is struggling to maintain its position below $90,000 after a significant sell-off, with traders hoping for a recovery above $100,000 despite facing a "death cross" signal on daily charts.
Market Sentiment and Speculation: The crypto market sentiment is showing signs of recovery, with speculators absorbing coins from long-term holders, while the Fear & Greed Index indicates a shift from extreme fear in traditional markets to a slight uptick in crypto sentiment.
Upcoming Economic Data: The Thanksgiving week is expected to bring a flurry of economic data, including the Producer Price Index and Personal Consumption Expenditures, which could significantly influence market sentiment and asset performance.
Technical Analysis and Predictions: Analysts are divided on Bitcoin's future, with some suggesting a potential rally if it can close above $92,000, while others warn of further declines if a bounce does not occur within the next week.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	36118.443	48059.221	60388.463	72329.241	84658.483	96599.261	108928.503
Fibonacci	48059.221	57330.369	63058.094	72329.241	81600.389	87328.114	96599.261

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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