Yesterday Bitcoin was rejected at $28k level and is currently sitting around $27,500. Is it a bad news for Bitcoin?

On the chart Bitcoin is forming an Ascending triangle with equinox around 14-15 October The break out to the upside would mean the price of $29,200 which would fall in line with my resistance line around $29,500

This is a very tricky situation because the Ascending triangle in normally a bullish pattern however it can also break to the downside and that would bring the price to $26,700 This scenario would pave the way for a bigger "W" pattern

Even though the equinox is on the 14- 15th of October the pattern might break in the next 1-3 days.

All The Best,

Aventurine