Are we in the Liquidity Hunting phase? This causes most investors to miss the opportunity to make profits.
This time, market sentiment was heavily affected by FUD, but there are many reasons to believe that this will soon end when news began that German CP started selling Bitcoin via OTC rather than on the exchange and Mt. . Gox repays the organizations that were bought by the deal at a discount, with only a small amount paid to the retailer.
Looking at the uptrend from the beginning of 2023 until now, these Liquidity Hunting waves have taken place on large time frames, strongly scanning important support zones before pushing to higher milestones.
Looking longer term, we still have positive news:
- FTX pays 16 billion USD (in cash) to users
- Trump & Biden promise to support crypto to attract voters
- Governments of countries find ways to apply crypto
-#EthereumETF opens for trading
- Lower interest rates + loosen monetary policy
The market may move sideways in the near future when disturbing news is continuously released.
