$BTC VIP AnalysisAugust 28, 2021
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BIAS: Mid-Term: Bullish
Short-Term: Bullish
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Starting the weekend with a relatively stable market, price action ranging with relative short term strength above $48,500 and looking like it's going to have a short term $48,000 support before a potential move up before our weekly close in just over 24 hours.
Our current strongest resistance lies at $49,200 which if broken before our weekly close will lead us straight to a $50,000 retest which has a very high probability of being broken and leading us much higher into our mid $50,000’s
Up Probability: 58% - Down: 42%
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