BTC VIP Analysis

OCTOBER 17th, 2024

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BIAS:

Mid-Term: BULLISH

Short-Term: BULLISH

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The price action of $BTC on the daily timeframe has broken out of another horizontal resistance level, marked between $67,579 to $66,985. 📈

The buy-side liquidity level at $70,012 is now in focus, and after a successful retest of the horizontal support level, we could see further upward movement toward this target. 🚀 Keep an eye on the support retest for confirmation of continued bullish momentum.

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MAIN INTEREST LEVELS

âŹ‡ïžSHORTâŹ‡ïž

$66,985

âŹ†ïžLONGâŹ†ïž

$67,450

PREDICTED DAILY RANGE

$59,994 to $70,002

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VIP ACTION PLAN

The price action on the H4 timeframe has shifted into a higher highs formation 📈, indicating bullish momentum.

After breaking out of the horizontal resistance level, the price is currently forming a higher low, which is a healthy sign for a continued upward trend. 📊

If this higher low holds, we can expect the price action to push higher, continuing the bullish structure.

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Yours truly,

BabyWhaleÂź