Bitcoin's march towards 2025 continues, bolstered by a series of technical and macroeconomic indicators. The latest TD Sequential buy signal draws the interest of traders.
Buy Signal from TD Sequential
Bitcoin has printed a buy signal on its weekly chart, potentially indicating further growth. Analyst Ali points out that a sustained close above the $86,000 resistance level could pave the way to $90,000 and even $95,000.
Understanding TD Sequential
The TD Sequential indicator, developed by market timing expert Thomas DeMark, helps identify potential trend exhaustion zones. It is particularly helpful in spotting points where trends may reverse. When buy signals appear, this indicates a weakening bearish momentum and a potential start of a new bullish cycle.
Macroeconomic Factors and Market
Beyond technical indicators, the broader market context is also favorable for Bitcoin. Institutional inflows remain strong, and exchange balances are declining. Amid inflation and rising debt, Bitcoin is emerging as a reliable asset, enhancing its status as a store of value.
The TD Sequential buy signal on Bitcoin's weekly chart highlights the significance of the $86,000 level. If bulls secure a close above this level, a rapid move towards $90,000 and beyond could follow.
