$BTC VIP Analysis November 10, 2022 -------------------- BIAS: | CryptoLoc Free Trading Group

$BTC VIP Analysis
November 10, 2022
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BIAS:
Mid-Term: Bearish
Short-Term: Bearish
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We expected a short/mid term BTC correction before a higher bounce, however, this correction has been much stronger than anyone expected, taking BTC to a new 2-year low at $15,500, washing out almost $200 Billion worth of total market cap in a matter of 48 hours.

For now, there's no clear mid term support for BTC in sight, which must break and close above $17,500 to confirm a least some strength in the market. If the bears gain further strength, on the other hand, we could head as los as $13,800 before a considerable reversal.

Up Probability: 38% - Down: 62%
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MAIN INTEREST LEVELS

SHORT
$18,938

LONG
$13,841

PREDICTED DAILY RANGE
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