Will Bitcoin Jump Back Up At $26,500?

Bitcoin had a good week but the price has been falling since yesterday, is it a sign of rejection? Lets take a look at it...

So the rejection comes at the downwards sloping resistance line and this is very interesting spot because Bitcoin is in between support and resistance creating a squeeze those usually end with violent breakouts!

The length of this squeeze is around 22 days but I think we can expect the breakout within 2 weeks and we can expect the move to be around 5% to either side. IT might not sound like much but 5% for Bitcoin is a lot!

Of course the move can happen any time, today, tomorrow and even the weekend! This is definitely a good time to keep eyes on Bitcoin! In a longer term this is how I see the chart to progress...

Lets see how close my prediction comes true.

All the Best,

Aventurine!