$BTC VIP AnalysisOctober 9, 2021
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BIAS: Mid-Term: Bullish
Short-Term: Neutral
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We've been for the past 3 days ranging around $55,000 without much deviation up or down. With 2 failed attempts to break up and 2 failed attempts to break down, we could very easily see a bull-flag forming on higher time frames, which would need to break and close above $56,600 on the 4H (or ideally on the Daily) to be confirmed.
This would take us straight to our All Time High. On the other hand, if the bears regain strength and momentum during the weekend and push price below $52,995 with a 4H or Daily close, we would be very likely heading down to $50,500 for another POC (point of control) retest before heading higher.
Up Probability: 61% - Down: 39%
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MAIN INTEREST LEVELS SHORT $56,664
LONG $52,995
PREDICTED DAILY RANGE$51,959 - $58,156
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