3 Latest Bitcoin Price Analysis from Analyst Merlijn The Trader at X

Updated

November 18, 2025

Gambar 3 Latest Bitcoin Price Analysis from Analyst Merlijn The Trader at X

Jakarta, Pintu News – Bitcoin’s price movements in recent days have elicited a variety of interpretations from technical analysts. One of the most prominent is Merlijn The Trader, a popular crypto analyst on platform X. Here are some of his latest analysis on Bitcoin Price!

Bitcoin Dominance Spawns Hidden Bearish Divergence Signal

BITCOIN DOMINANCE SHOWS A HIDDEN SIGNAL.

Lower high in price
Higher high in momentum

That’s a textbook hidden bearish divergence.
And it just triggered inside the 62% rejection zone.

Altcoin season doesn’t shout.
It whispers. pic.twitter.com/16yNNUona5
— Merlijn The Trader (@MerlijnTrader) November 17, 2025

Merlijn identified a hidden bearish divergence pattern on the Bitcoin dominance chart. This pattern appears when the price shows a lower high but the momentum indicator forms a higher high.

According to him, this is a classic signal of trend weakness that could potentially push BTC dominance down from the 62% rejection area. He thinks that this could be an early sign that the altcoin season is starting to “whisper”, indicating an opportunity for capital rotation into assets other than Bitcoin.

Bitcoin Reflects Nasdaq Pattern: 58% Pump Potential

THIS IS HOW THE CYCLE FOOLS YOU.

NDQ sold off. People panicked. Then pumped 58%.
BTC is now doing the exact same thing.

Bottoms like this never feel like opportunity.
But they are.

Don’t become the person who says “I wish I had…”
Become the one who did. pic.twitter.com/Gpqzep81mD
— Merlijn The Trader (@MerlijnTrader) November 17, 2025

In the second analysis, Merlijn highlights the similarity of Bitcoin’s price structure to the Nasdaq index (NDQ). Their patterns of gains and losses appear to move in parallel, including a 16% correction before a strong rally.

If this pattern repeats on Bitcoin, Merlijn estimates a 58% chance of a rally after the current downward phase, especially when the price moves around the 50-day moving average line which is historical support.

Also read: BTC price surged to $96,000 before plummeting, Charles Hoskinson urges investors to stay calm

Bitcoin enters the “Buy the Blood Zone” based on Elliott Wave

BITCOIN IS BLEEDING INTO THE BUY ZONE.

Wave (c) is bleeding out into max fear.
But Elliott says: this is the springboard.

Pain. Panic. Pump.

This is the zone where legends enter.
Setup is timeless. Price is just noise. pic.twitter.com/TO5wUfdj5M
— Merlijn The Trader (@MerlijnTrader) November 17, 2025

The third analysis uses the Elliott Wave Theory approach. Merlijn mentions that Bitcoin is now in the “bleeding” phase of wave (c), a period that often triggers maximum fear in the market. However, he sees this area as a potential starting point for a major reversal.

The red zone that he marks as the “Buy the Blood Zone” is considered an ideal accumulation area before a possible significant price spike. According to him, “setups are timeless, while prices are just noise.”

Conclusion

All three analyses from Merlijn The Trader show a harmonized view: although Bitcoin is under price pressure, a number of technical indicators signal the possibility of a major rally in the near future.

From the weakening dominance pattern, the similarity to the Nasdaq cycle, to the price placement within the buy zone based on Elliott Waves, all of these illustrate a market phase full of potential. However, technical analysis comes with risks, and investment decisions require careful consideration according to each investor’s profile.

FAQ

What is a hidden bearish divergence on Bitcoin (BTC) dominance?

Hidden bearish divergence is a pattern where the price forms a lower high while momentum forms a higher high, which in BTC dominance signals a potential weakening of the trend.

Who is Merlijn The Trader?

Merlijn The Trader is a crypto analyst on platform X who is known for publishing technical analysis regarding the market movements of digital assets such as Bitcoin (BTC).

When was this analysis published?

The analysis was published on November 17-18, 2025, when Bitcoin was in a monthly correction phase.

Where do the patterns between Bitcoin (BTC) and Nasdaq (NDQ) look similar?

The similarity of the patterns is visible on the weekly charts of both assets which show similar correction and consolidation structures.

Why is the “Buy the Blood Zone” important?

The zone marks the area of maximum selling pressure in the Elliott Theory wave structure (c), which is often the technical reversal point.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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