Crypto
TD Sequential Buy Signal Suggests Bitcoin Rebound Within Weeks
A recent TD Sequential buy signal on Bitcoin (BTC) and Ripple's XRP could indicate a rebound in price within the next three to nine days, according to analyst Ali Martinez.
Martinez noted that BTC has shed around $30,000 since reaching a high of $90,000 on January 28, bottoming out at $60,000 last Friday before briefly recovering to $72,000 on two separate occasions. The price slipped back under $67,000 as of February 10.
The TD Sequential indicator has triggered a buy signal for BTC and XRP, suggesting that the price could rebound within three to nine days. Martinez has a track record with this indicator, particularly with XRP, which he has used to time local tops in the past.