Bitcoin Triple Threat: Analyst Identifies Three Signals For BTC Price Rebound

Quick Summary:

A completion of the second phase implies that there is likely another reversal point.  According to Martinez, the TD Sequential has pinpointed a potential reversal for the Bitcoin price.

The TD Sequential is a technical analysis indicator used to identify possible points of trend exhaustion and price reversal.

However, if the prediction of a price rebound fails to hold and the $60,000 support crumbles, investors could see the price of Bitcoin fall as low as $57,000.  BTC Price At A Glance As of this writing, the price of Bitcoin continues to hover around $61,000, recording barely any movement in the last 24 hours.

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Article Details

Author / Journalist: Opeyemi Sule

Category: Crypto

Markets: United KingdomOmanUnited States

Topics: Bitcoin TD Sequential Btc price Ali Martinez Bitcoin price Bitcoin BTCUSDT

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-04 @ 09:30:43 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 373 words

Reading Time: 3 minutes read

Sentences: 61 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 21915342

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Main Topics: Crypto

Official Website: newsbtc.com

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