The post Bitcoin Price Analysis: BTC Price Might Take a Bullish Reversal Soon Hitting $31K appeared first on Coinpedia Fintech News
In a recent analysis, renowned crypto market technical analyst Ali Martinez has drawn attention to Bitcoin’s positive signals, indicating a potential uptrend for the world’s leading cryptocurrency.
Martinez’s focus on the TD Sequential, a widely respected technical indicator, revealed a crucial buy signal on Bitcoin’s 12-hour chart. This buy signal coincided with the formation of a bullish reversal doji candlestick pattern, hinting at a possible shift in market sentiment and the likelihood of a trend reversal.
#Bitcoin is working on that buy signal presented by the TD Sequential we spotted the other day. I believe $BTC first target is $30,600 and the potential second target is $31,300. But I will keep an eye and let you know if this changes. https://t.co/dqq8RGStUO pic.twitter.com/Lw864gxUdE
— Ali (@ali_charts) July 20, 2023
What Next For Bitco
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