Bitcoin (BTC): Price at ATH! / Possible Liquidity Hunting + Drop
Bitcoin has nicely reached the all-time high zones, which was our target from yesterday’s plan.
Now that we’re in this zone, we’re looking for potential liquidity sweeps to occur, as well as any signs of weakness. If we see these indications, our expectation is for the price to retrace, filling the CME gap and normalizing the RSI, which is currently in overbought territory.
As anticipated, a "buy the rumor, sell the news" effect appears to be what is driving this most recent price increase.
Swallow Team
Now that we’re in this zone, we’re looking for potential liquidity sweeps to occur, as well as any signs of weakness. If we see these indications, our expectation is for the price to retrace, filling the CME gap and normalizing the RSI, which is currently in overbought territory.
As anticipated, a "buy the rumor, sell the news" effect appears to be what is driving this most recent price increase.
Swallow Team
Note
Bitcoin has made a nice 5% of marketprice movement after getting rejected from our major resistance zone (near ATH).
So far, the price has done a good move and we are looking for further movement to happen to lower zones where first target is 66K (where unfilled CME gap is sitting at currently).
new month has started with sharp sell-off so let's see how far this downward movement will lead us.
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