Bitcoin set to rebound as BTC flashes major ‘buy signal’
Bitcoin’s (BTC) ongoing sell-off may be nearing its end, with key technical indicators signaling a potential rebound after recent selling pressure. Notably, prominent trading expert Ali Martinez highlighted that the TD Sequential indicator is flashing a major buy signal on Bitcoin’s 12-hour chart. This setup suggests a possible move above $105,000, he said in an X post on May 31. Bitcoin price analysis chart. Source: TradingView The TD Sequential is a time-based indicator that identifies trend reversals or price exhaustion. When the system counts to “9,” it often signals that the current trend is weakening and that a reversal or correction may be imminent. Notably, Bitcoin has printed a bullish “9” candle, hinting that the recent downtrend could end and a short-term rally might be underway. If the signal plays out, Martinez believes Bitcoin could retest $105,000, a level that recently flipped from support to resistance. Bitco...