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\n\t\t\t\t\t\t\t\t\tBitcoin is hovering near $91.5K after a sharp drop. Analysts point to bullish divergence, key levels, and on-chain data hinting at a $116K rally.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Bitcoin\u2019s price has seen better days as it failed at reconquering the $90,000 level despite a price surge to $92,000 earlier today and now sits below it for the third time this week.<\/p>\n
Some technical signals now suggest that a reversal could be forming following the massive crash from the past few weeks. Analysts are watching for key confirmation signals, with recovery targets as high as $116,000.<\/p>\n
Javon Marks, a market analyst, shared a chart showing a regular bullish divergence on Bitcoin\u2019s 4-hour timeframe. The asset continues to print lower lows, but the momentum oscillator is doing the opposite\u2014forming higher lows. This pattern often signals a shift in pressure from sellers to buyers.<\/p>\n
\n$BTC<\/a> continues to maintain a huge Regular Bull Divergence with momentum oscillators.<\/p>\n
The data is suggesting a recovery $116,000+. pic.twitter.com\/r32XVn2VyE<\/a><\/p>\n
\u2014 JAVON\u26a1\ufe0fMARKS (@JavonTM1) November 19, 2025<\/a><\/p>\n<\/blockquote>\n
Bitcoin is hovering around $89,000 at press time, down 1% on the day. Over the past seven days, the asset has dropped 13%. If momentum follows through, Marks says a rally could stretch beyond $116,000. The price would first need to break above key short-term resistance levels to validate the setup.<\/p>\n
$93,100 Resistance Is a Key Test<\/h2>\n
Lennaert Snyder notes<\/a> that Bitcoin found support at $88,900 and has since rebounded toward $93,100, where it is now testing that level. So far, the move has been met with selling. Snyder says he remains short-biased unless the price can close above $93,100. If that happens, he sees room for a push toward $95,600.<\/p>\n
He also outlined a second possible path. If Bitcoin returns to sweep the $88,900 lows and shows a strong rebound wick, that could be the sign of a bottom.<\/p>\n
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\n\u201cI prefer a strong wick on the bottom and a reversal after,\u201d he posted.<\/p>\n<\/blockquote>\n
With the US NFP data expected, market volatility may rise.\u00a0Additionally, Titan of Crypto pointed<\/a> to a recurring setup that looks similar to the 2021\u20132022 cycle. In both cases, a bearish divergence marked a local top, followed by a hidden bullish divergence. This is now developing again, while the price trades inside a fair value gap and above rising trend support.<\/p>\n
Another analyst, EGRAG Crypto, added<\/a> that Bitcoin is currently testing the 21-month EMA. He said BTC has never entered a bear market without closing a full monthly candle below this line.<\/p>\n
\n\u201cHold 21 EMA = Bull Market Continues,\u201d he stated.<\/p>\n<\/blockquote>\n
Past cycles have used this level as a springboard for upside.<\/p>\n
On-Chain Loss Data Repeats Past Patterns<\/h2>\n
Bitcoin\u2019s realized loss margin has fallen to -16%, as CryptoPotato<\/em> reported<\/a>. That number tracks the average losses realized by sellers. During past cycles, similar drops below -12% often appeared near market lows. The current reading suggests that many traders are exiting positions deep in the red.<\/p>\n
Meanwhile, Bitcoin\u2019s realized price sits near $114,000. This gap shows the extent of unrealized losses. If historical patterns repeat, it may support a recovery in the weeks ahead. Broader macro trends, including rising<\/a> yields in Japan and stress in US banks, are also adding to the current market caution.<\/p>\n
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