- Bitcoin may be forming a bullish higher-low setup after its recent dip.
- Holding above $94K could trigger a major short squeeze.
- Confirmation depends on regaining market structure momentum.
As the carnage in the cryptocurrency market begins to slow down, Bitcoin (BTC) may be setting up for a powerful bullish reversal after sweeping its weekend lows, with one analyst describing the potential move as “magnificent” if price reclaim structure continues.
Specifically, the recent dip has aligned with expectations, and the key now is whether Bitcoin can form a higher low above the $94,000 level, according to the analysis by renowned crypto trading expert Michaël van de Poppe shared in an X post on November 17.
A Higher-Low Could Unlock Massive Liquidity
Indeed, the analyst notes that market liquidity conditions appear ripe for a strong upside move if short positioning becomes trapped. In his view, successfully holding $94K offers a path back towards $100K “this week,” adding that above current levels sits “trillions and trillions” of short-side liquidity that could be forced to unwind quickly if bullish confirmation appears.
This scenario relies on BTC reclaiming momentum after the recent price sweep, which flushed stops below support. A decisive reaction, not just temporary stabilization, may determine whether a short squeeze materializes or whether bears reassert control.
For the time being, the flagship decentralized finance (DeFi) asset is changing hands at the price of $95.601.19, which indicates a decline of 0.87% in the last 24 hours, a 10.05% dip across the previous seven days, and an accumulated loss of 10.61% on its monthly chart, per the latest information.

As van de Poppe commented, it’s been a “pretty good start of the week,” emphasizing that the dip itself was expected. What matters now is market structure recovery.
More Must-Reads:
- After CZ, Peter Schiff Challenges New Crypto Titan to Debate
- Nearly $1B Flees Bitcoin ETFs in 9 Trading Days
- Solana Could Crash to $24 if it Loses This Critical Support Level
What do you think?
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