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$BTC VIP Analysis
October 28, 2022
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BIAS:
Mid-Term: Bullish
Short-Term: Neutral
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After reaching a $21,000 local high, BTC has seen a small retracement towards $20,000 over the last 12 hours, which is currently reing the top of our previous mid term range. If this level is confirmed as new support, we shouldn't see a move below $19,500 and BTC should start gaining mid term momentum towards $21,500 and above in the next few days.
The bears currently have smaller mid term chances, however, there's still the possibility of seeing a break and close below $19,000, with which we could potentially see a much lower move towards $17,000 or even lower in the next couple of weeks.
Up Probability: 53% - Down: 47%
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MAIN INTEREST LEVELS
🌮SHORT🌮
$22,564
🍳LONG🍳
$18,950
PREDICTED DAILY RANGE
$19,128 - $21,481
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