$BTC VIP Analysis
January 30, 2024
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BIAS:
Mid-Term: BEARISH
Short-Term: BEARISH
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As expected the price action of $BTC successfully got rejected and bounced back after holding out its Horizontal Support level.
Currently, the price action is respecting its Horizontal Resistance level which is marked between the $43,561 - $43,125 level
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PREDICTED DAILY RANGE
$41,997 - $47,091
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VIP ACTION PLAN
As the price action previously was consolidating in a compression level and after breaking out its Horizontal Resistance level the price action pumped up and respecting out its another Horizontal Resistance level from there we can expect a downfall in the price action before any further upward movements
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