BTC VIP Analysis

OCTOBER 18th, 2024

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BIAS:

Mid-Term: BULLISH

Short-Term: BULLISH

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As expected, the price action successfully followed the higher highs and higher lows pattern and reached the $68,000 region. This continuation of the bullish structure reinforces the momentum, with the upward trend holding strong. 📈

We can expect the price action of $BTC to take out the buy-side liquidity level marked at $70,012. 📈💰

The strong upward momentum following the breakout and retest supports this potential move toward higher liquidity, indicating further bullish continuation. 🌟

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MAIN INTEREST LEVELS

⬇️SHORT⬇️

$66,985

⬆️LONG⬆️

$68,114

PREDICTED DAILY RANGE

$59,994 to $70,002

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VIP ACTION PLAN

The price action on the daily timeframe is holding its horizontal support level, marked between $67,579 to $66,985. 📊

If the price action sees an impulsive move from this support, we can expect a potential breakout towards the $70,000 region. 🚀

This would confirm further bullish momentum and could push the price to new highs. 🌟

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Yours truly,

BabyWhale®