BTC VIP Analysis

OCTOBER 15th, 2024

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BIAS:

Mid-Term: BULLISH

Short-Term: BULLISH

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The price action of $BTC on the H4 timeframe has taken out the upper-side liquidity and filled the FVG gap level, but it is now facing rejection.

During the bounce back, it left another FVG gap between $63,745 and $63,110. If the price action loses support at this level, we could expect a potential drop in the price of $BTC.

Holding this support level is crucial to maintain the bullish momentum. 📉🔻

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MAIN INTEREST LEVELS

⬇️SHORT⬇️

$65,981

⬆️LONG⬆️

$62,015

PREDICTED DAILY RANGE

$59,994 to $70,002

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VIP ACTION PLAN

The price action from its demand zone has pumped up by approximately 11.47%, forming a higher high, higher low pattern.

Currently, the price action has established another higher high, and we can expect the formation of the next higher low near its horizontal resistance region.

If this structure holds, it signals continued bullish momentum for the price action. 📈🚀

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Yours truly,

BabyofAfrica®