Bitcoin Buy Signal Triggers 3-9 Day Rebound Prediction

An analyst claims that a Bitcoin (BTC) buy signal has appeared, indicating a potential price rebound within 3 to 9 days. The TD Sequential indicator, developed by Tom DeMark, triggered an early buy signal for BTC after weeks of sharp declines.

The price of BTC has shed roughly $30,000 since trading above $90,000 on January 28, bottoming out at $60,000 last Friday before briefly recovering to $72,000. As of February 10, the price slipped back under $67,000.

XRP also triggered a buy signal before its latest 3-4% drop. Analyst Ali Martinez notes that the TD Sequential has 'perfectly timed' the local top for XRP in the past and could now be signaling another rapid reversal.