$BTC VIP AnalysisAugust 25, 2021
--------------------
BIAS: Mid-Term: Bullish
Short-Term: Bullish
--------------------
After yet another short term dip towards a $47,125 low (confluent with short term 0.5 Fib. support, BTC has received a very strong wave of buying orders pushing price above $48,500 once again.
This puts bulls in a much more advantageous position against bears, and it's just what we were expecting with our last updates.
If BTC manages to remain strong above $48,000 - $48,500 until our daily close, we're likely seing a retest and potential push above $50,000.
Up Probability: 58% - Down: 42%
--------------------
