$BTC VIP AnalysisOctober 17, 2021
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BIAS: Mid-Term: Bullish
Short-Term: Neutral
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Hours away from our weekly close and BTC is not doing much more than continuing with the intra-day chop started on our Saturday open.
With price currently ranging above our $60,000 “safe zone" and buyers trying to hold price up as harder as they can, we could potentially see a break of our current All Time Highs before the weekly close, however, it does become harder every minute f decreasing sentiment and bullish momentum.
If the next couple of 4H closes happen below $60,000 we could be looking into a mid term correction in price action headed into the first days of next week, which could reach $56,000 or lower before another bounce.
Up Probability: 43% - Down: 57%
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MAIN INTEREST LEVELS SHORT $64,990
LONG $55,973
PREDICTED DAILY RANGE$58,804 - $63,264
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