$BTC – 16 Nov 2025*
- *Current price:* $94,301.99 USD, down 1.74 % from the previous close ¹
- *Daily range:* $94,022.89 – $96,635.11 ¹
- *Market cap:* ~$1.90 trillion ²
*Technical snapshot (Bitget 1‑day)*
- *RSI(14):* 32.67 – neutral, edging toward oversold territory.
- *MACD:* –3,618 – sell signal, indicating bearish momentum.
- *Stochastic %K:* 9.02 – buy, but the overall oscillator mix is 2 sell, 5 buy, 3 neutral.
- *Moving averages:* 13 sell vs 0 buy, showing a clear short‑term downtrend.
- *Key pivot levels:*
- Support S1 ≈ $94,403.59
- Pivot P ≈ $95,566.03
- Resistance R1 ≈ $96,711.59 ³
Chart pattern*
A head‑and‑shoulders formation is emerging on the daily chart, hinting at a possible bearish reversal if the support around $94 k breaks ⁴.
*What to watch*
- A bounce could be triggered by the oversold RSI and the stochastic buy signal, but the dominant sell pressure from MACD and moving averages suggests caution.
- Watch the $94 k support; a clean break could open a slide toward the next psychological level near $90 k.
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