The post Analyst Who Predicted The Bitcoin Rally Reveals Time To Sell appeared on BitcoinEthereumNews.com.

Este artículo también está disponible en español. Bitcoin has performed well in the past few days after experiencing a strong downturn in the first two weeks of September. This rally kickstarted in the middle of this week after the Fed decided to slash the benchmark interest rate by 50 basis points (bps), a move that proved positive for cryptocurrencies.  Notably, this rally was already predicted by a few crypto analyst through technical indicators. One of such is Ali Martinez, who is a master of the TD Sequential. However, in an interesting turn of events, the analyst has highlighted the case for investors to “book some profits,” which is a sign of potential price correction up ahead.  Analyzing The Bitcoin Rally Bitcoin, which struggled to gain momentum earlier in the month, entered a strong rally that began to take shape midweek. This rally saw Bitcoin break above $63,000 again and increase its market dominance. Furthermore, the rally peaked at $63,830, reflecting an increase of about 20.77% from a low of $52,827 on September 6.  Related Reading However, despite the current optimism surrounding Bitcoin’s price action, Martinez has issued a word of caution to investors. In a post shared on social media platform X, Martinez highlighted that the TD Sequential, a tool he frequently uses to analyze market trends, is now indicating the potential for a price correction near the $63,700 level. Martinez pointed out that the same TD Sequential indicator, which flashed a buy signal at $57,400 before Bitcoin’s recent rally, is now warning of a possible pullback. This suggests that while the recent surge has been remarkable, the market may be nearing a critical juncture where prices could retrace. The TD Sequential told you to buy #Bitcoin at $57,400, and now it is telling you to book some profits at…

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Filed under: News - @ September 21, 2024 8:06 pm