Bitcoin Indicator Sounds Buy Alarm For The First Time Since March — Return To $110K Soon?
Overview
The price of Bitcoin has been fluctuating around the $95,000 mark, showing early-weekend strength. A market analyst has identified potential signs of recovery, suggesting that a rebound might be on the horizon.
Analysis of Current Bitcoin Trends
On November 15, a market analyst on the social media platform X shared insights regarding Bitcoin’s price movements. The analyst noted that Bitcoin is indicating a potential rebound based on various technical indicators. They explored the possibility of Bitcoin rising to $110,000, while also acknowledging the risk of a decline to $85,000.
Bitcoin Fear Index
One key indicator analyzed was the Bitcoin fear (VIX) score, which measures market volatility and fear. This indicator has been above the significant 16.50 level for two consecutive days, marking the first time this has occurred in 250 days. The analyst interpreted this as a potential buy opportunity. However, they cautioned that this signal does not guarantee a price rebound.
Relative Strength Index (RSI)
The analyst also looked at the daily Relative Strength Index (RSI), which recently fell to 30, entering the oversold territory. They expressed that this movement should not elicit much excitement unless a positive divergence occurs—where the RSI makes higher lows while the price makes lower lows.
Fixed Range Volume Profile (FRVP)
Additionally, the analyst examined the Fixed Range Volume Profile (FRVP). They pointed out a small gap with no trading volume between $95,000 and $85,000. A close below $95,000 could potentially lead to a rapid decline to $85,000 to fill this gap. Conversely, if Bitcoin maintains its position above $95,000, it could indicate that the cryptocurrency is building volume and preparing for a potential rally towards $110,000, which the analyst considers a critical decision zone.
Impact on the Crypto Market
- The Bitcoin fear index’s recent performance may signal a buy opportunity for traders.
- The RSI’s position in oversold territory could suggest a potential for recovery, depending on future movements.
- The fixed range volume profile indicates critical price levels that could influence future Bitcoin price action.
- Market makers appear to be defending the $95,000 level, which could lead to increased trading activity.
- Analysts are closely watching for significant price movements that could indicate a trend reversal.
Updated: 11/16/2025, 5:18:58 PM
