WHY IS THE CRYPTO MARKET RISING TODAY? 💵🔥
In the last hours, the crypto market has shown a strong increase in the price of various cryptocurrencies like $BTC $ETH $XRP due to 5 fundamental aspects.
1. THE BOUNCE AFTER THE EXCESSIVE SELL-OFF 💶
In recent weeks, we have seen a decline in the crypto market which has caused excessive selling of this financial asset, thus creating a buying opportunity for whales and retail traders.
2. INCREASE IN MARKET LIQUIDITY 📊
The market has seen an increase in the volume of money circulating through it. An example would be bitcoin with a volume of 16 trillion dollars.
3. BULLISH STRUCTURE ON HIGHER TIMEFRAMES 💸
Bitcoin maintains a structure with higher lows (HL) and higher highs (HH). When the higher structure is bullish, altcoins follow the movement.
4. LIQUIDITY SWEEP 🔥
Before rising, the price took the liquidity located below supports and stop-losses. Once the area was “cleaned,” the market has a clear path for an upward movement.
5. BETTER MARKET SENTIMENT 🤩
Market sentiment shifted from fear to bullish expectation.
