Crypto
Bitcoin Buy Signal Sparks Rebound Hope Amid Market Slump
An analyst named Ali Martinez claims that Bitcoin (BTC) and Ripple's XRP have triggered a TD Sequential buy signal, which could indicate a price rebound within 3 to 9 days. The indicator has a notable track record across multiple cryptocurrencies, particularly with XRP.
The TD Sequential is a technical indicator developed by Tom DeMark to identify potential market reversal points after extended moves in either direction. Martinez posted on X that the buy signal had flashed for BTC around the time it slipped back under $67,000.
XRP also triggered a buy signal before its latest 3-4% drop. The TD Sequential has 'perfectly timed' the local top for XRP in the past, and could now be signaling another rapid reversal.