$BTC VIP AnalysisAugust 24, 2021
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BIAS: Mid-Term: Bullish
Short-Term: Neutral
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BTC rejected $50,000 on its first short/mid term rates, currently reaching a low around $48,000. This doesn’t mean we’ve reached a top for now, but we could likely range between $46,000 and $48,500 for up to 72 hours before our next move.
The expected move for for is a second retest of our $50,000 resistance which should carry enough bullish volume to break above. If price doesn't break well above $50,500 with a mid term confirmation in the next 3-5 days, we will likely be going for a $42,000 retest before further upside
Up Probability: 54% - Down: 46%
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