Bitcoin Price Analysis: Will $BTC Surpass $27500 Before Weekend?

In the midst of two-weeks consolidation, the Bitcoin price bounced back twice the local support of $26000. Using this psychological level as a base, the daily chart shows a double-bottom pattern formation. This chart pattern is known to accumulate buying pressure at lower support and triggers a bullish reversal. Thus this pattern could assist the BTC price in escaping the market’s current volatile phase.