A cryptocurrency analyst shared a TD Sequential chart showing that Bitcoin price is flashing a major buy signal in a time frame of 4 hours. This signal suggests that Bitcoin’s bearish momentum may be waning, making it a potentially critical time to consider entering the market.

Bitcoin TD price flashes sequentially, buy signal

AND Sequential TD is a unique technical indicator that identifies trend exhaustions and price reversals and indicates buy or sell signals. By X (formerly Twitter) post by crypto analyst Ali Martinez, Bitcoin’s 4-hour chart shows a green “9” candle, signaling potential purchase opportunity.

Typically, in a downtrend, green candle 9 is interpreted as a buy signalwhich indicates that bearish momentum may be exhausting and prices may be preparing to rebound. Martinez also shows the “A13” marker on the TD Sequential chart, which represents a countdown phase that tracks 13 additional candles and identifies a stronger trend exhaustion.

While downward trendthe arrival of the TD Sequential A13 often signals a potential decline in a cryptocurrency’s sell-off phase, strengthening the possibility price reversal. Bitcoin’s current buy signal occurred when its price exceeded $94,000. This buy signal suggests optimal time to enter the marketwith the $94,915 price highlighted as a potential entry point for traders looking to take advantage of a possible Bitcoin price rebound.

Although TD Sequential is an indicator used to identify buy and sell signals, market participants may exercise caution when considering additional factors such as volatility, broader market sentimentand more. If the current buy signal holds, Martinez predicted that prices could be expected to rebound. However, failure to maintain its current price could lead to further downsides, potentially pushing Bitcoin to the next level critical level of support.

BTC market high set at $168,500

In another, newer one Post XMartinez presented a chart Bitcoin price movementspredicting a market top above $168,500 based on Mayer’s multiple. The chart shows the price behavior of Bitcoin based on the Mayer multiple, which compares BTC with 200-day moving average (MA).

The red line evident in the graph indicates Mayer multiple (MM) at 2.4, while the green line represents MM at 0.8. Additionally, the blue line is an oscillator that tracks the Mayer multiple over time.

Historically, Bitcoin price peaks have coincided with the Mayer multiple reaching 2.4 or higher. Currently, Bitcoin Multiple Mayer is trading at 1.3845 on the chart. However, if the price continues to rise and MM reaches 2.4 again, Martinez predicts that: market peak over $168,500 for Bitcoin.

At the time of writing, Bitcoin is trading at $94,692, which means an escalate to $168,500 would require a significant 78% escalate over its current market value.

Featured image created with Dall.E, chart from Tradingview.com