Bitcoin has been going down at an angle of 45. This was also the case in the previous fall; about 10 days ago. After bouncing off the maximum support, Bitcoin 2.16% entered an area between 20 and 45 degrees, bounced off 2 more times, and then went back up to 17.3K.
I believe this could happen again. Bitcoin might initially look as if it's going up, then fall back down, bounce around 2 times off the maximum support and finally break through the 20 degrees resistance.
We saw Bitcoin bounce off the maximum resistance 4 times before (circled in black). However, it has currently only bounced once. I believe more bounces should compensate this rapid fall (possible bounces circled in blue).
The final breakout is predicted to happen around 12th of January.
I believe this could happen again. Bitcoin might initially look as if it's going up, then fall back down, bounce around 2 times off the maximum support and finally break through the 20 degrees resistance.
We saw Bitcoin bounce off the maximum resistance 4 times before (circled in black). However, it has currently only bounced once. I believe more bounces should compensate this rapid fall (possible bounces circled in blue).
The final breakout is predicted to happen around 12th of January.