Bitcoin | Seeking for Liquidity
Updated
We see that the price is looking for a bearish liquidity.
Since the general trend is in the downward direction, I find it useful to consider each of the rises as a sales opportunity.
Those who have been watching for a while have noticed how weak the price is.
In this search for liquidity, I tried to evaluate the points where the price could go up and down.
With the decision to stop the rate hike on June 14, BTC may see the daylight and make a move towards liquidity in 29K.
I don't think this is sustainable. Because I think we can show a real bull sign 3-6 months before Halving at the earliest.
Since the general trend is in the downward direction, I find it useful to consider each of the rises as a sales opportunity.
Those who have been watching for a while have noticed how weak the price is.
In this search for liquidity, I tried to evaluate the points where the price could go up and down.
With the decision to stop the rate hike on June 14, BTC may see the daylight and make a move towards liquidity in 29K.
I don't think this is sustainable. Because I think we can show a real bull sign 3-6 months before Halving at the earliest.
Note
Range is working!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.