Bitcoin TD Sequential Indicator Issues Buy Signal After Recent Price Move

An analyst indicates that the Bitcoin Tom Demark (TD) Sequential has generated a potentially bullish signal.

Key Points

Ali Martinez discussed the TD Sequential signal for Bitcoin on its daily chart.
The TD Sequential is a technical analysis indicator used to identify potential price reversals.
The indicator has two phases: setup (counting nine candles) and countdown (counting thirteen candles).
Bitcoin has recently completed a TD Sequential setup with nine red candles, suggesting a possible bullish reversal.
The previous TD Sequential signal indicated a sell, aligning with last month’s price peak.
Bitcoin's current price is approximately $97,700 after briefly dipping below $95,000.

Martinez also noted a similar bullish signal for Cardano (ADA).