The TD Sequential indicator, which accurately predicted Bitcoin's January 21st peak at $103,000, has now flashed a buy signal on the daily chart. With Bitcoin trading around $96,214, the signal suggests a potential market bottom and an opportunity for investors. The presence of a whale wallet purchasing 350 BTC at $97,053 per Bitcoin further strengthens this bullish outlook. However, analysts caution that if the buy signal fails to generate sustained buying pressure, BTC could test lower support levels. The Total On-Chain Risk indicator also suggests that Bitcoin's peak may not have been reached, hinting at further potential for growth.
The TD Sequential which perfectly timed Bitcoin top on the 21st of January is now flashing a buy signal on the daily chart.
This suggested the potential for a market bottom, indicating an opportune moment for investors to consider entering the market. Thus, while the current buy signal presents a potentially bullish scenario for Bitcoin, investors should remain cautious.
Bitcoin TD Sequential Buy Signal Market Bottom Whale Purchases Total On-Chain Risk
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