Indicator Signals Bullish Rebound for Bitcoin (BTC) Price, But Key Support Must Hold First

A technical signal suggests Bitcoin could be preparing for an upward move, according to crypto analyst Ali. However, the success of this potential rally hinges on a crucial support level.

A technical indicator suggests that Bitcoin could be gearing up for a move to the upside, a crypto analyst observes. But the success of any potential rally hinges on a key support level.

TD Sequential Seems to Hint at BTC Price Reversal

The TD Sequential indicator on Bitcoin’s 4-hour chart has flashed a buy signal, Ali observes in his recent analysis. This technical signal emerges as Bitcoin trades at $95,283.6, down 1.69% in the current 4-hour session.

Ali highlights that this signal usually points to an upcoming price rebound, but its validity rests entirely on Bitcoin maintaining support at $93,500. “The TD Sequential presents a buy signal on the Bitcoin 4-hour chart, anticipating a price rebound. But it will all depend on whether BTC can hold $93,500 as support!” Ali adds.

Technical Context and Bitcoin Market Structure

Examining the Bitcoin/USDT perpetual contract on Binance’s 4-hour time frame, recent price action shows persistent selling pressure, evident in a series of red candlesticks. A prior red 11 (C11) formation signaled bearish exhaustion, followed by the current green 9 signal indicating a potential trend reversal.

The appearance of a small green candle marks a slight pause in the downward momentum. However, the low buying volume suggests that bulls are yet to commit to pushing prices higher with conviction.

Read Also: Expert Issues Urgent XRP Price Update: What to Watch

Crucial BTC Price Levels and Scenarios

According to Ali’s analysis, $93,500 is the make-or-break level for Bitcoin’s short-term trajectory. A sustained hold above this support could validate TD Sequential’s buy signal, potentially driving Bitcoin toward resistance near $98,000 or higher.

However, if selling pressure intensifies and Bitcoin loses the $93,500 support, the bullish setup could be invalidated, possibly leading to a deeper correction. Ali’s cautious approach emphasizes waiting for confirmation before making trading decisions based on this signal.

As the market digests these technical developments, traders would be wise to follow Ali’s lead in keeping a close eye on the critical $93,500 support level. The next few hours could be crucial for Bitcoin’s short-term price direction.

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