Prominent technical analyst Ali Martinez has spotted a buy signal on Bitcoin’s 4-hour chart, citing a critical technical indicator.
Martinez shared his findings in a tweet today. According to Martinez, the TD Sequential indicator shows a buy signal on the 4-hour chart. Consequently, the analyst believes we can see the price return to the $23,200 to $23,500 price range.
However, the analyst cautions that if Bitcoin fails to hold the 100 EMA, it will invalidate this signal. In this scenario, Martinez says we could see a price drop to retest the 200 EMA.
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