According to Ali, a well-known crypto trader, this week is significant for Bitcoin due to key financial events. Ali points out that the TD Sequential indicator, a tool commonly used for identifying market reversals, has signaled a ‘buy’ on Bitcoin’s weekly chart. This suggests potential upward momentum for the cryptocurrency.
However, for this ‘buy’ signal to be validated, Ali emphasizes that Bitcoin needs to close the week above $25,600. If this criterion is met, the targets could be $28,350 or even as high as $31,800. He also advises that one should always research and understand the indicators being used before making any investment decisions.
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Show more +Ali’s analysis provides crucial insights, particularly in a week rife with financial events that could impact market trends. As always, make sure to conduct your own research and consult with financial advisors before making any investment choices.
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