The leading cryptocurrency Bitcoin experienced a nice rise last evening and rose above $ 26,000.
However, this rise did not last long. Faced with selling pressure during the day, BTC decreased again and fell to the level of $ 25,600.
While these sudden declines in Bitcoin worried investors, popular analyst Ali Martinez stated that the TD Sequential indicator gave a rise signal on the Bitcoin chart and shared the levels that are important for BTC.
Pointing to the need for strong closings above the $26,800 level for the continuation of the rise in Bitcoin, the analyst argued that these closings could initiate the rise to $28,000.
However, the analyst stated that a possible decline below $25,300 could end the bullish scenario.
“The TD Sequential indicator presented a buy signal on the Bitcoin 3-day chart.
A sustainable close above $26,800 could pave the way for a rise to $28,000.
However, if BTC drops below $25,300, this decline will invalidate the possible bullish scenario.”
#Bitcoin | The TD Sequential presented a buy signal on $BTC 3-day chart. A sustiained close above $26,800 could could pave the way for a surge to $28,000.
However, a #BTC dip below $25,300 would nullify this bullish scenario pic.twitter.com/yowlLc0lHv
— Ali (@ali_charts) September 8, 2023
Bitcoin continues to be traded at $ 25,896 at the time of writing.
*This is not investment advice.
