BTC has been tumbling consistently over the past couple of days, touching this week’s low at $89,300 on Tuesday and registering a clear loss of short-term bullish momentum. At press time on November 19, 2025, Bitcoin Price is around $91,723, in the middle of an extended post-all-time-high correction that has been underway since its quick advance above $120K. The move has been amplified by profit-taking, leveraged liquidations, fading ETF/institutional inflows, and a marginally more hawkish macro backdrop that have transformed the breach of the $92–93K support zone into a more considerable slide. Let’s take a look at the prevailing structure and potential next moves in Bitcoin’s price action.
Chart 1: Bitcoin M15 chart, Analyzed by Ali Oliyaee, Published on TradingView, November 19, 2025
What Happened on the Bitcoin Chart During the Last 48 Hours?
In order to see the big picture, let’s review what happened on the Bitcoin chart in the last two days. BTC first broke out of the triangle pattern on Monday, 17 November 2025 at 06:45 UTC, to move up towards the daily high at $96,000, which coincided with a key area of resistance. This level held strongly to reject the move and sent the BTC price lower to $93,600 by 13:45 UTC. Bitcoin briefly dipped into oversold RSI territory, which fueled another retest of the $96,000 resistance level but this was rejected as well.
After the rejection, the Bitcoin price dropped back toward $93,000, drifting down within the existing trading range almost magnetically. The range eventually snapped to the downside with a full-body bearish candle at 17:30 UTC, which triggered the next leg of the decline. BTC fell lower until it marked the second leg of the downward spike at the support region around $91,300.
Chart 2: Bitcoin M15 chart, Analyzed by Ali Oliyaee, Published on TradingView, November 19, 2025
RSI again slid into oversold territory, at which point the market shifted into a short sideways consolidation phase in the middle of the broader downtrend, carving a small corrective structure. During this period, a golden cross formed on the MACD at 21:05 UTC, which aided a mild short-term reversal in the Bitcoin price before the momentum once again lost steam.
BTC Drops to the Weekly Low at $89,270
Bitcoin continued its downward move on Tuesday and dipped to the weekly low of $89,270 as the previous day’s fall extended. The decline initiated shortly after the MACD printed a Death Cross at 02:15 UTC, signaling the end of bullish momentum, as BTC managed to break out cleanly below support with a strong downward candle. The BTC price continued sliding inside an established downward channel and touched the day’s low, entering oversold territory for a second time.
Chart 3: Bitcoin M15 chart, Analyzed by Ali Oliyaee, Published on TradingView, November 19, 2025
However, at 06:35 UTC the MACD printed a golden cross that introduced buyers to the market for the first time during the day. The change in momentum allowed Bitcoin to break out of the upper boundary of the downward channel with a full-body bullish candle at 08:00 UTC, initiating a rising channel that extended throughout the morning session.
A second golden cross printed on the MACD at 14:45 UTC further increased the buying pressure in the market, with the Bitcoin price surging high enough to break out of the extending channel at 15:15 UTC. This leg to the upside carried BTC to the daily high of $93,800, right in a key resistance zone. At this point, Bitcoin entered an overbought RSI condition, and the MACD printed a second crossover at 18:30 UTC to confirm the next move lower as the market readied itself for another corrective leg.
Bitcoin Price Action of November 19, 2025, Why Is BTC Down Today?
Bitcoin is trading inside the previous downward channel for most part of today’s trading session. The price also experienced significant bearish momentum in the early part of the session which accelerated the downward move towards the daily low at $90,000. It is a key support area which has been tested several times this week. During today’s low, Bitcoin price also went into an oversold condition on the RSI indicator which triggered a small corrective rebound. The recovery took the BTC price up towards the $92,000 resistance area where the upward momentum began to fade. A pin bar is now forming on the 15-minute chart which, if closed below, may increase the probability of another downside move towards $90,000.
Chart 4: Bitcoin M15 chart, Analyzed by Ali Oliyaee, Published on TradingView, November 19, 2025
Bitcoin Price Prediction: What Is Next for BTC?
At the moment, there are two major levels to watch on the market, support at $90,000 and resistance at $92,000. Bitcoin may continue to consolidate in this range until a confirmed breakout decides the next major trend. In case of breaking above $92,000, BTC could see a resumption of short-term bullish momentum and the next major resistance at $93,800 is now in play. However, if prices fail to overcome this level and break below the $90,000 support, the next target to focus on would be the weekly low at $89,270. A clean breakdown below that level could trigger a more extended continuation to the downside and further accelerate the broader correction.
