$BTC VIP AnalysisAugust 23, 2021
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BIAS:
Mid-Term: Bullish
Short-Term: Bullish
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Once again Monday and we're kicking off the week with BTC trading with short term strength above $50,000. This has created a wave of hyped up bullishness all across the board, as people are expecting $50,000 to act as our new support.
Even though we expect price to head higher, confirmation has not yet occurred and will only happen once BTC breaks and closes above $50,532 on the 4H and on the Daily. This will be the confirmation we're looking for to reach a new All Time High.
Once this happens, nothing will be able to stop BTC.
Up Probability: 59% - Down: 41%
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