Bitcoin (BTC) Weekly Candle Down 13%: 3-5 Day Low and Potential Bottoming Next Week, Says @CryptoMichNL
According to @CryptoMichNL, Bitcoin’s current weekly candle and lower timeframe price action do not signal a fast upside reversal despite a typical Sunday bounce, source: @CryptoMichNL on X, Nov 16, 2025. He states BTC is down about 13% for the week and this month is the second worst of the year, source: @CryptoMichNL on X, Nov 16, 2025. He expects a local low to print within 3-5 days, with the next weekly candle potentially forming a bottoming structure, source: @CryptoMichNL on X, Nov 16, 2025.
SourceAnalysis
Bitcoin's recent price action has captured the attention of traders worldwide, with prominent analyst Michaël van de Poppe sharing insights on the cryptocurrency's weekly candle and lower timeframe movements. According to van de Poppe, the current setup doesn't indicate a quick reversal upward, despite a standard Sunday price jump. He anticipates a low being established in the coming 3-5 days, potentially leading to a bottoming structure in the next weekly candle. This comes amid a massively bad week for Bitcoin, which is down 13% so far, marking it as the second worst month of the year as of November 16, 2025.
Analyzing Bitcoin's Weekly Candle and Price Action
Diving deeper into the technical analysis, the weekly candle for Bitcoin reflects significant bearish pressure, aligning with the 13% decline noted by van de Poppe. Traders monitoring lower timeframes, such as the 4-hour or daily charts, observe that the price action lacks the momentum for an immediate inverse. This standard Sunday jump—often seen as a temporary liquidity grab—hasn't shifted the overall downtrend. For those eyeing Bitcoin trading opportunities, key support levels around the $50,000 to $55,000 range could come into play if the predicted low materializes in the next 3-5 days. Historical data shows that such bottoming structures, like hammer candles or doji patterns on the weekly timeframe, have preceded recoveries in past cycles, such as the rebound after the 2022 bear market lows. However, without real-time confirmation, traders should watch for increased trading volumes to validate any potential reversal. On-chain metrics, including reduced whale activity and lower transaction volumes, further support this cautious outlook, suggesting that institutional flows might be pausing amid broader market uncertainty.
Potential Trading Strategies Amid the Downturn
From a trading perspective, this scenario presents both risks and opportunities for Bitcoin enthusiasts. If van de Poppe's forecast holds, the next weekly candle could form a bullish engulfing pattern or a higher low, signaling a shift in market sentiment. Savvy traders might consider scaling into positions near the anticipated low, using stop-loss orders below recent support to manage downside risk. For instance, pairing BTC with stablecoins like USDT on exchanges could offer hedging strategies during this volatile period. Market indicators such as the Relative Strength Index (RSI) on the weekly chart, potentially dipping into oversold territory below 30, would corroborate a bottoming signal. Additionally, correlations with stock markets, particularly tech-heavy indices like the Nasdaq, could influence Bitcoin's trajectory—recent dips in AI-related stocks have mirrored crypto weakness, hinting at cross-market selling pressure. Institutional interest, evidenced by ETF inflows earlier this year, might resume if a clear bottom is printed, driving upside momentum. However, until that happens, short-term traders could capitalize on range-bound action, targeting resistance at $60,000 with tight risk management.
Looking at broader implications, this 13% weekly drop underscores Bitcoin's vulnerability to macroeconomic factors, including interest rate expectations and geopolitical tensions. As the second worst month of the year, it rivals the downturns seen in May 2025, when similar price action led to a 15% correction before stabilization. For long-term holders, this could be a buying opportunity, especially if on-chain data shows accumulation by large addresses. Trading volumes across major pairs like BTC/USD and BTC/ETH have declined, indicating reduced liquidity that could amplify moves in either direction. Analysts like van de Poppe emphasize patience, advising against FOMO-driven entries. Instead, focus on confirmed breakouts above key moving averages, such as the 50-week EMA, which has acted as dynamic resistance in recent months. In the context of AI-driven market tools, automated trading bots analyzing sentiment from social media could provide early signals of reversal, integrating data from sources like van de Poppe's updates. Overall, while the immediate outlook is bearish, the potential for a bottoming structure offers hope for a rebound, making this a critical juncture for Bitcoin traders to monitor closely.
Market Sentiment and Future Outlook for BTC
Market sentiment remains mixed, with fear and greed indices hovering in the fear zone, reflecting the impact of this bad week. Van de Poppe's analysis suggests that the coming days are pivotal, with a printed low potentially setting the stage for recovery. For those exploring crypto correlations, Ethereum and other altcoins have followed Bitcoin's lead, with ETH down approximately 10% in tandem. Trading opportunities might arise in altcoin pairs if BTC stabilizes, allowing for relative strength plays. Institutional flows, such as those from BlackRock's Bitcoin ETF, could provide upside catalysts once clarity emerges. In summary, while the 13% drop as of November 16, 2025, paints a grim picture, strategic traders can position for the anticipated bottom, leveraging technical indicators and on-chain insights for informed decisions. This analysis highlights the importance of disciplined trading in volatile markets, where patience often yields the best results.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast