Bitcoin Buy Signal Points To Rebound In 3-9 Days, Analyst Claims

Analyst Ali Martinez says a TD Sequential buy signal has appeared on Bitcoin (BTC) and Ripple's XRP (XRP), suggesting a potential price rebound within 3 to 9 days after weeks of sharp declines that pushed BTC below $67,000 and left XRP nursing fresh losses.

What Happened: Buy Signal Flashes

Bitcoin has shed roughly $30,000 since trading above $90,000 on Jan. 28, bottoming out at $60,000 last Friday before briefly recovering to $72,000 on two separate occasions.

As of Feb. 10, the price slipped back under $67,000.

Around that time, Martinez posted on X that the TD Sequential — a technical indicator developed by Tom DeMark to identify potential market reversal points after extended moves in either direction — had flashed an early buy signal for BTC. He specified that a rebound could materialize within 3 to 9 days.

XRP also triggered a buy signal before its latest 3-4% drop. Martinez noted that the TD Sequential had "perfectly timed" the local top for the cross-border token in the past, and could now be signaling another rapid reversal.

Why It Matters: Reversal Track Record

The TD Sequential has built a notable track record across multiple cryptocurrencies, and Martinez has frequently highlighted its signals for various digital assets.