$BTC VIP AnalysisSeptember 1, 2022
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BIAS: Mid-Term: Neutral
Short-Term: Bullish
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BTC has been ranging around $20,000 for almost a week now, with no signs of a clear breakout of breakdown coming, however we have now see some short term signs of strength and buying pressure, which could lead to our next move.
Starting the month with a move above $21,000 would give BTC the strength t need for an even higher move in the mid term. On the other hand, if the bears manage to push BTC below $19,000 again, we could see a sub $17,000 retest before a potential high volume bounce.
Up Probability: 55% - Down: 45%
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MAIN INTEREST LEVELS
SHORT $23,203
LONG $18,960
PREDICTED DAILY RANGE
$18,344- $22,213
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