$BTC VIP AnalysisAugust 24, 2022
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BIAS: Mid-Term: Neutral
Short-Term: Bullish
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BTC's short and mid term market structure is holding up decently against sellers, who have been trying to push price below $20,000 over the last couple of days with no success. Sentiment in the market overall remains neutral, however, we're expecting to see a shift in it over the next couple of days.
If the bulls manage to see a solid break and close above $23,000 on the daily, we're likely seeing a drop in BC market dominance and an explosion in alt price action.
Up Probability: 54% - Down: 46%
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MAIN INTEREST LEVELS
SHORT $23,203
LONG $18,960
PREDICTED DAILY RANGE
$19,891- $23,448
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