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Cryptocurrency News Articles
Bitcoin (BTC) Could Rebound as the TD Sequential Presents a Buy Signal on the 4-Hour Chart
Feb 03, 2025 at 02:30 am
The broader crypto market is currently experiencing heightened bullish behavior. For example, centralized exchanges are currently witnessing increased inflows of USDT and USDC
Crypto trader Ali Martinez has spotted a buy signal for Bitcoin (BTC) following its recent price drop to below the $100,000 level.
A TD Sequential chart shared by Martinez on Friday shows BTC indicating a major buy signal, which could suggest that the ongoing Bitcoin correction trend is weakening. This might be an ideal time for traders to consider entering the market.
The analyst shared a BTC’s 4-hour chart indicating a green “9” candle, which could be the right time to acquire the token.
“#Bitcoin $BTC could rebound as the TD Sequential presents a buy signal on the 4-hour chart!”
The chart shows BTC in a downward momentum with the green “9” candle indicating a buy signal. This suggests that the current consolidation trend could be ending and the asset is preparing for a bounce back. The chart marked the $100,155 price mark as a possible entry for traders looking to take advantage of a potential BTC price resurgence.
Bitcoin’s response to new tariffs, surprising moments
On Friday, US President Trump introduced heavy new tariffs on imports from Canada, Mexico, and China. Bitcoin reacted defensively to the newly announced tariffs. The token immediately saw a 2% decrease, which made it drop to above $100,000 from a high of $106,000.
Altcoin markets experienced greater declines, with ETH, XRP, and SOL seeing their values slump by a range of 6%–8%.
Despite the week’s volatility, BTC has responded well against the concerns of China’s AI DeepSeek and the Fed’s lending rate decisions. The asset currently trades at $99,013.51, down 3% in the last 24 hours.
As the first month of this year concludes, crypto users have set their sights on February, which has historically been one of the best months for the largest cryptocurrency.
Out of the past 12 Februaries, the asset only saw downtrends in two Februaries.
Moreover, all three Februaries that followed halving years led to significant returns. BTC returns surged 61.77% in February 2013, 23.07% in February 2017, and 36.78% in February 2021. As a result, there is optimism that this month, the token will see greater uptrends backed by a new all-time high.
The broader crypto market is currently experiencing heightened bullish behavior. For instance, centralized exchanges are currently seeing increased inflows of USDT and USDC, which could indicate that investors are preparing to enter the market.
Also, recently President Trump issued an executive order to explore the addition of certain cryptocurrencies into national reserves. The development could lead to significant bull runs in the crypto market if authorized.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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