‎Bitcoin Retests Order Block for Potential Bullish Resumption

‎BTCUSD Market Analysis- November 26

‎Bitcoin currently stands at a critical market point, showing long-term bullish potential while undergoing a corrective pullback.

‎Bitcoin (BTCUSD) Key Levels

‎Support Levels: $89,800.00, $74,900.00
‎Resistance Levels: $106,000.00, $125,000.00

‎BTCUSD Long-Term Trend: Bullish

‎Bitcoin’s previous bearish leg has now met a key daily point of interest, indicating the possibility of a bullish continuation. In May 2025, price delivered a significant bullish break of structure, establishing directional bias and paving the way for new higher highs across the larger timeframe.
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‎Price later reacted at the $125,000 supply zone, triggering a corrective bearish movement that extended down to the $89,000 demand level—aligning closely with a major daily order block. This decline remains viewed as a retracement rather than a reversal, as the bullish order block is expected to sustain price and potentially drive continuation to the upside.
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‎The Relative Strength Index (RSI) on the daily chart reflects conditions below overbought levels, showing early signs of recovery. A clear bullish shift in market structure from this zone would further validate expectations for a long-term bullish resumption.

‎BTCUSD Medium-Term Trend: Bearish

‎The first reaction from the daily order block produced a bullish push, forming short-term higher highs as price attempted to reclaim the key $89,000 demand level. However, momentum slowed, and BTC began to show renewed bearish pressure—trading below the 4-hour moving average, signaling temporary weakness.
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‎Despite this pullback, structure remains corrective as long as the daily order block holds. A confirmed bullish shift in market structure on the lower timeframe will be required before transitioning into a sustained upward trend. This scenario remains probable unless the demand zone is decisively violated.

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