Category: general

The post One Bitcocom. The Bitcoin price has dropped sharply this month. Since early November, it has fallen almost 15%, turning one of the strongest assets of the year into one of the weakest in the current pullback. The drop has pushed the market into two camps again. Some believe this is the start of a deeper correction. Others believe the cycle is still unfolding, and this is merely an oversized dip. The next move depends on one level. If Bitcoin reclaims it, the rebound setup activates. If it fails there, the downside can widen fast. Sponsored Sponsored Bitcoin Momentum Softens the Fall, but One Level Must Validate It There are early signs that sellers may be losing strength. The Relative Strength Index entered the oversold zone this week and has since reversed. That usually shows that selling pressure is easing. A longer-term pattern also supports that view. Between April 30 and November 14, Bitcoin price formed a higher low, which means the broader trend is not fully broken. However, over the same period, the RSI also made a lower low. This is a hidden bullish divergence, a signal that often appears when a strong trend is attempting to resume after a significant correction. For the RSI sign to play out, the Bitcoin price must cross above $100,300 ( a key support since late April), which might now act as a psychological resistance. Bitcoin Sellers Might Be Getting Weaker: TradingView . Supply data points to the same area on the chart. The UTXO Realized Price Distribution shows a large band of long-term Bitcoins created near the $100,900 zone. Sponsored Sponsored When a cluster like this forms, it often becomes a significant decision point because a large portion of the supply is.