$BTC VIP Analysis
October 11, 2022
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BIAS:
Mid-Term: Neutral
Short-Term: Bearish
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After a neutral and low volume weekend, BTC has started to once again see some short term volatility, this time in favor of the bears, which has pushed our current price action towards $19,000. This level remains our most important short/mid term support level before a much stronger drop towards an equal $17,000 long term low.
With a break and close below $19,000 on the daily, the bears are likely pushing price action much lower, before another mid term bounce. A reaction above $19,000 and we’re going towards $21,500 next.
Up Probability: 46% - Down: 54%
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@AllCryptoSignals_VIP_Bot
