Bitcoin (BTC): New All Time High(ATH) - Possible Liquidity Hunt?
2024-11-06

Bitcoin was at around $75,5K, which marks right now as a new ATH zone!! 

Elections are over and the pro-crypto president has won (Trump), which is why we had this optimistic push as well, but will it last from here or what now?

Well, we are expecting this to be a "Buy the Rumour, Sell the News" scenario where optimism has ended as of now and now comes the real market moves. 

We are expecting to see price fall from here (similar when ETF was released), which would normalise at least the RSI and bring back the coin for a couple of re-tests to lower zones. 

Liquidity hunting is also one thing we all have to keep an eye on (as in lower zones there is plenty of liquidity to take out). 

Volatile times are perfect for liquidity hunters, so keep your eyes wide open!!

Swallow Team 