Liquidity Surge Spurs BTCUSD's Positive Trajectory and Bullish Momentum

A liquidity surge spurs BTCUSD’s positive trajectory and bullish momentum. The acquisition of liquidity on the sell side, occurring beneath the price level of $25200.00, effectively initiated a transformative trajectory for the market in a positive direction. This consequential development, manifesting as a shift in market structure, unfolded in October 2023. This significantly strengthened the prevailing optimism among participants in the market.

It is noteworthy that the ongoing uptrend managed to attain a pinnacle at the impressive sum of $45000.00. Thereafter, a corrective phase began, transpiring within the confines of the discount zone. The prognosis for BTCUSD suggests a resumption of its upward trajectory. This is based on a likely resurgence in momentum anticipated once the bullish order block is reached.

BTC Key Levels

Demand Levels: $37800.00, $31900.00, $24900.00
Supply Levels: $43100.00, $48200.00, $52100.00

What are the Indicators saying?

Owing to the indication of the oversold state of the market, a breakout to the upside occurred after the sell-side liquidity grab in September 2023. The market began a new market trend in an upward direction. The market has since been in a bullish trend, according to MA Cross. However, BTCUSD is in a correction phase as the market retraces from the overbought region.

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