$BTC VIP Analysis
October 10, 2023
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BIAS:
Mid-Term: Bullish
Short-Term: Bearish
--------------------
Just as expected, and as we updated our VIPs yesterday, BTC has started to show a significant mount of lower time frame bearish pressure, which has pushed it towards $27,500 where it's currently trading. The bulls still need to see that break and close above $28,000 to confirm a mid term move in their favor, which is currently becoming less likely.
A correction towards $26,400 or down to $24,800 could happen in the next 1-2 weeks depending on price action, however from either we expect a strong upside move.
Up Probability: 43% - Down: 57%
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MAIN INTEREST LEVELS
⬇️SHORT⬇️
$28,240
⬆️LONG⬆️
$26,228
PREDICTED DAILY RANGE
#DeFiChallenge #CryptoTalks #opbnb #trading #crypto
October 10, 2023
-------------------
BIAS:
Mid-Term: Bullish
Short-Term: Bearish
--------------------
Just as expected, and as we updated our VIPs yesterday, BTC has started to show a significant mount of lower time frame bearish pressure, which has pushed it towards $27,500 where it's currently trading. The bulls still need to see that break and close above $28,000 to confirm a mid term move in their favor, which is currently becoming less likely.
A correction towards $26,400 or down to $24,800 could happen in the next 1-2 weeks depending on price action, however from either we expect a strong upside move.
Up Probability: 43% - Down: 57%
--------------------
MAIN INTEREST LEVELS
⬇️SHORT⬇️
$28,240
⬆️LONG⬆️
$26,228
PREDICTED DAILY RANGE
#DeFiChallenge #CryptoTalks #opbnb #trading #crypto