BTC squeeze - decision soon!

After the weekly bearish divergence was confirmed, Bitcoin started to move down again.

And now just tapped the bottom of a very nice parallel channel.

Bitcoin is squeezed between the Daily 13 EMA and 55 MA.

Soon a decision will be made ... and a significant move (up or down) is to be expected.

Once we clear 32K with a weekly candle close, Bitcoin is ready to move upward substantially.

In the mean time we are just ranging.