$BTC VIP AnalysisAugust 29, 2021
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BIAS: Mid-Term: Bullish
Short-Term: Neutral
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Heading towards our weekly close, the market is showing a significant amount of short term indecision while grinding between our $48,000 support and $49,000 resistance. Any break and close above or below these levels will likely be leading us to a domino effect and expect at least 10%.
We can expect a slight increase in overall trading volume around our weekly close, which judging by the current fight between bears and bulls, will give us a bit more chop than usual.
Up Probability: 53% - Down: 47%
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