Bitcoin is expected to bounce after a dip to a key trend line, which is good news for buyers looking to step in on weakness.

• Past cases where Bitcoin fell to this trend line show it usually rebounds within days.
• The typical bounce is about 4% in three days and 6% in five days.
• Ten days out, the usual gain grows to nearly 8%.
• That pattern would lift Bitcoin back toward the $80,000 area by the middle to end of next week.

Outlook: A short-term rebound is expected if Bitcoin tests that trend line, with the recovery playing out over the following one to two weeks.

## Bitcoin Levels

• **Bias:** Bullish short term after a dip to the 55 EMA.
• **Buy / accumulate:** On the test of the 55 EMA.
• **Support:** The 55 EMA.
• **Targets:** $79,500 within 3 days, $80,300 within 5 days, higher again at 10 days (+7.7% median).