Technical analysis by ScottMelker about Symbol BTC on 12/1/2025

There is no denying the fact that Bitcoin look exceptionally weak. There was widespread optimism when price bounced 10%+ off of the lows that the bottom was in. When price was 92K, sentiment was that the correciton was over and price was going straight to 120K. At 84K, sentiment is in the dumps and people seem to believe price is going to 50K. Humans are going to human. On the optimistic side, we hit oversold across the board and now have a very strong chance of meaningful bullish divergence with RSI on the daily chart. A close below $84.684 would give a lower low and price, with a potential higher low on RSI. As long as that higher low eventually holds, this looks likely to be bottoming. We would need to see RSI make a clear elbow up. That is a lot of “ifs!” Be careful.