BTC
VIP Analysis APRIL 24, 2024
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BIAS:
Mid-Term: BULLISH
Short-Term: BULLISH
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The price action on the H1 timeframe level has successfully bounced back from its Horizontal Support level which was marked between the $63,640 to $62,950 level.
The price action broke out the neckline of the pattern level has squeezed out the BSL which was marked between the $64,115 level.
Currently, the price action is rejecting its Horizontal Resistance level and the price action can test out its Horizontal Support level
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MAIN INTEREST LEVELS
β¬οΈSHORTβ¬οΈ
$63,996
β¬οΈLONGβ¬οΈ
$63,640
PREDICTED DAILY RANGE
$60,668 to $67,271
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VIP ACTION PLAN
The price action of
BCT
is getting rejected from its Horizontal Resistance level also all the EMAs have turned into the resistance level after its bounce-back level. The price action has its Horizontal Support level between the $64,071 to $63,985 levels.
If the price action holds out this level we can see the pump in the price action of
BTC
level.