BTCUSD: The Game of Probabilities | New ATH? 65.28% Chance!

By Fractalyst
Updated
Medium-term analysis of BTCUSD indicates that the price is poised to surge towards new all-time highs, with a probability of 65.28%!

Let's get into the underlying reasons for this:

1. The current status on the "1D" timeframe is "Active," indicating that the price has already reached and touched the 50% equilibrium level on the current timeframe.

2. Since the price has reached the equilibrium level of the daily timeframe, our focus now shifts to determining which liquidity side presents higher probabilities compared to the other.

3. In this scenario, the 1D/BSL (Buyside liquidity) indicates a 65.28% probability of the price reaching the 73835.57 level again.


More details:
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Feel free to share your thoughts or any feedback you have on the analysis.

Also, if you're interested in analyzing the probabilities directly on your charts make sure to check out the Free Public Indicator that I've published recently!
Comment
Short-term 12H is holding bullish, aligning with our 1D bias.
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12H/2H
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Comment
BTCUSD Moving exactly as anticipated
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Trade active
12H/2H ➙ Both Active
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Trade closed: target reached
Probabilities >>>>
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