$BTC VIP AnalysisJune 18, 2022
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BIAS: Mid-Term: Bearish
Short-Term: Bearish
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Entering our weekend trading session and BTC has decided to break below our $20,000 key long term psychological support, which has been seen as the most important and decisive macro level for our current market cycle.
If we keep bleeding before our weekly close, we will easily reach $17,500 which is our next key long term support, from where we're expecting to see a strong mid term bullish reaction. A move above $21,000 from here, would also confirm a mid term bullish move.
Up Probability: 41% - Down: 59%
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MAIN INTEREST LEVELS
SHORT $24,394
LONG $17,167
PREDICTED DAILY RANGE
$16,276- $21,502
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