Bitcoin (BTC): New Day New ATH!! = possible liquidity hunting!
Bitcoin has broken all the zones and still keeps on pushing.
At this point it is hard to predict a possible resistance zone for bitcoin as we don't have any liquidity on upper zones as of now and people are all in on buys.
Despite that, there is one resistance zone at $100,000 (which we call a psychological resistance zone).
This 6-figure number is like a meme for Bitcoin and will be reached sooner or later (especially since we are so close to it).
Never the less, we also see that from the previous ATH zone, we have broken nicely all the zones, but yet we did not secure them!
With that being said, we are looking for 2 possible scenarios here where both should end up re-testing the broken zone at 71K after what we should see another parabolical movement to upper zones to test the ATH zone!
Swallow Team
At this point it is hard to predict a possible resistance zone for bitcoin as we don't have any liquidity on upper zones as of now and people are all in on buys.
Despite that, there is one resistance zone at $100,000 (which we call a psychological resistance zone).
This 6-figure number is like a meme for Bitcoin and will be reached sooner or later (especially since we are so close to it).
Never the less, we also see that from the previous ATH zone, we have broken nicely all the zones, but yet we did not secure them!
With that being said, we are looking for 2 possible scenarios here where both should end up re-testing the broken zone at 71K after what we should see another parabolical movement to upper zones to test the ATH zone!
Swallow Team
Note
Bitcoin is seeing some signs of weakness since the huge bullish movement that started on the 6th of November.
Since then we have been going only up without any correctional movement, resulting in a lot of gaps like CME and FVGs that need to be filled.
We are looking here for a possible movement to fill that CME gap near 76K, which would be a good reset for the current movement we have.
Swallow Team
Note
Bitcoin seems to form here a local top while we are slowly entering the weekend market.
So far this week we had more than great moves on Bitcoin, forming new all-time highs and breaking each and every zone without any re-test.
From here on, we see it would be ideal for Bitcoin to have some kind of correctional movement, so that's what we are waiting for.
As soon as we see a break from our entry, it will signal a confirmed MSB on the markets, which should lead price back toward the CME gap (76K), which would also result in a huge liquidation of 10B.
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🚨 Authentic Mentoring
⚡️ Short-Term + Mid-Term Trades
Join our amazing team and be part of something bigger.
FREE: t.me/+fiEDSn7M9pJkODA0
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FREE: t.me/+fiEDSn7M9pJkODA0
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