Analyst Who Predicted The Bitcoin Rally Reveals Time To Sell

Quick Summary:

However, in an interesting turn of events, the analyst has highlighted the case for investors to “book some profits,” which is a sign of potential price correction up ahead.  Analyzing The Bitcoin Rally Bitcoin, which struggled to gain momentum earlier in the month, entered a strong rally that began to take shape midweek.

However, while the TD Sequential signals a potential price correction, Bitcoin bulls are still testing the confirmation of a continued rally.  Related Reading: Dogecoin Open interest Remains Muted Below $500 Million, What’s Going On?

Furthermore, the rally peaked at $63,830, reflecting an increase of about 20.77% from a low of $52,827 on September 6.  Related Reading: Grayscale XRP Trust Surges 11.44% One Week After Launch, Here’s The Catalyst However, despite the current optimism surrounding Bitcoin’s price action, Martinez has issued a word of caution to investors.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: Bitcoin news Crypto analyst Btc Crypto Btcusd BTCUSDT Bitcoin Btc price Analyst Bitcoin price Crypto news Bitcoin BTC news

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-21 @ 20:00:25 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 502 words

Reading Time: 3 minutes read

Sentences: 66 lines

Sentence Length: 8 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 22633750

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Main Topics: Crypto

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