$BTC VIP Analysis
February 18, 2024
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BIAS:
Mid-Term: BULLISH
Short-Term: BEARISH
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The price action of $BTC as expected successfully broke down its Horizontal Support level which is marked between the $51,858 - $51,630 level also broke down its Support trendline level and headed into the territory of the FVG gap level which is marked between the $51,032 - $49,911 level.
Currently, the price action is testing out its resistance trendline and its Horizontal Resistance region level
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MAIN INTEREST LEVELS
âŹïžSHORTâŹïž
$51,630
âŹïžLONGâŹïž
$49,781
PREDICTED DAILY RANGE
$43,870 - $61,840
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VIP ACTION PLAN
A rejection in the price of $BTC is expect from its Resistance region level which can again show the downfall in the price of $BTC
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