- TD Sequential signals a Bitcoin buy at $96K, suggesting a possible trend reversal.
- A whale bought 350 BTC, hinting at confidence in future price increases.
- Bitcoin must hold above $98K to sustain momentum or risk another drop.
Bitcoin’s wild ride continues. After hitting $103,000, prices dropped sharply. The TD Sequential indicator signaled a market top on January 21, predicting the decline. Now, Bitcoin sits near $96,214, where the same tool has issued a buy signal. This could mean selling pressure has weakened, opening the door for a rebound. A move toward $100,000 remains possible, but another drop could still happen. Should investors act now, or wait for stronger confirmation?
TD Sequential Buy Signal – Reversal or Fakeout?
The TD Sequential indicator helps identify trend reversals. A buy signal on the daily chart suggests selling may have slowed. If buyers step in, Bitcoin could push toward $100,000. Weak momentum, however, may send prices toward $94,400. Markets remain unpredictable. Risk management matters now more than ever. The buy signal hints at a shift, but real confirmation is needed. Without strong demand, Bitcoin may struggle to hold key levels.
Whale Activity and On-Chain Data – Bullish or Bearish?
A dormant whale just withdrew 350 BTC from FalconX, worth nearly $34 million. Large buys like this often signal confidence. If Bitcoin holds above $98,000, momentum could build, attracting more buyers. A failed breakout, though, might trigger another sell-off.
Analyst Benjamin Cowen highlighted the Total On-Chain Risk indicator. Current readings suggest Bitcoin has not yet reached a peak. More upside could be ahead. If this metric shifts, warning signs of a top may appear. Watching these indicators could help traders avoid major losses.
For now, Bitcoin’s buy signal at $96,000 offers an intriguing opportunity. Whale activity and on-chain data suggest potential upside, but risks remain. Holding above $98,000 could spark a rally, while failure might lead to more selling. Investors should stay cautious and watch key price levels before making a move.
