{"id":624080,"date":"2024-06-11T20:00:35","date_gmt":"2024-06-11T20:00:35","guid":{"rendered":"https:\/\/wncen.com\/?p=624080"},"modified":"2024-06-12T09:30:51","modified_gmt":"2024-06-12T09:30:51","slug":"is-now-the-time-to-buy-bitcoin-latest-chart-analysis","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/is-now-the-time-to-buy-bitcoin-latest-chart-analysis\/","title":{"rendered":"Is Now The Time To Buy Bitcoin? Latest Chart Analysis Says Yes – Here\u2019s Why"},"content":{"rendered":"

Bitcoin has recently been spotlighted due to an intriguing buy signal identified<\/a> on its hourly chart. This indication emerges amidst a notable fluctuation in Bitcoin’s price, setting the stage for potential short-term gains.<\/p>\n

Renowned crypto analyst Ali has highlighted a significant development<\/a> on the hourly chart of Bitcoin, specifically noting a ‘buy signal’ detected by the TD Sequential indicator. This technical tool, developed by Tom DeMark, is respected for its ability to predict price reversals by analyzing exhaustion points in trends.<\/p>\n

Related Reading: Buckle Up: Bitcoin\u2019s Ride to $74K Could Start Any Minute \u2013 Here\u2019s Why<\/a><\/div>\n

Decoding The TD Sequential Indicator On Bitcoin Chart<\/h2>\n

The TD Sequential operates in two main phases: the setup and the countdown. The setup phase requires nine consecutive price bars closing progressively higher or lower, depending on the trend’s direction<\/a>.<\/p>\n

Following a successful setup, the countdown phase begins, searching for a sequence of 13 bars that continue the trend but must close beyond the high or low of two bars prior.<\/p>\n

Completing this countdown typically signals an exhausted trend, poised for a reversal. Bitcoin’s hourly chart shows the completion of this pattern, suggesting an imminent uptick<\/a> over the next few hours.<\/p>\n

\n

The TD Sequential presents a buy signal on the #Bitcoin<\/a> hourly chart, predicting a potential rebound of one to four candlesticks for $BTC<\/a>! pic.twitter.com\/pnAMFHHbPe<\/a><\/p>\n

\u2014 Ali (@ali_charts) June 11, 2024<\/a><\/p><\/blockquote>\n

This technical prognosis arrives as Bitcoin contends with downward pressure, recently dipping below $67,000, a price level not seen since late May. Currently, Bitcoin is trading at $66,855, marking a 3.7% decline, which has sparked widespread commentary among investors and analysts.<\/p>\n

\"Bitcoin
BTC price is moving sideways on the 4-hour chart. Source: BTC\/USDT on TradingView.com<\/a><\/figcaption><\/figure>\n

Buy The Dip, Says Mow<\/h2>\n

Samson Mow, the CEO of Jan3 and a notable Bitcoin advocate, recently stirred<\/a> the Bitcoin community with a post on his X account that included an optimistic forecast for Bitcoin’s price. Revisiting his earlier post, he added a highly optimistic prediction that Bitcoin could reach as high<\/a> as $1 million per BTC.<\/p>\n

In his post, Mow used a visual diagram to compare the current available capital<\/a> in the market with the amount of Bitcoin available and potentially mine-able in the future.<\/p>\n

\"Available
Available Bitcoin (BTC). | Source: Samson Mow<\/a><\/figcaption><\/figure>\n

The illustration did not specify quantities but effectively showed the small amount of Bitcoin available relative to the vast amount of capital that could potentially purchase it.<\/p>\n

The diagram, designed as overlapping triangles resembling an hourglass, emphasized the scarcity of Bitcoin in comparison to available capital.<\/p>\n

Related Reading: Bitcoin\u2019s Stubborn Stand Below $100K: What\u2019s Holding It Back?<\/a><\/div>\n

Mow’s post highlighted his perspective on the ongoing price dip, suggesting that despite the drop, the fundamental outlook for Bitcoin remains strong due to its limited supply and growing adoption. He use the term “BTFD” \u2013 “buy the f**king dip” \u2013 to suggest a bullish outlook.<\/p>\n

\n

Feels weird seeing #Bitcoin<\/a> price go down when we’re at a level of unprecedented adoption. BTFD!<\/p>\n

\u2014 Samson Mow (@Excellion) June 11, 2024<\/a><\/p><\/blockquote>\n

Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin has recently been spotlighted due to an intriguing buy signal identified on its hourly chart. This indication emerges amidst a notable fluctuation in Bitcoin’s price, setting the stage for potential short-term gains. Renowned crypto analyst Ali has highlighted a significant development on the hourly chart of Bitcoin, specifically noting a ‘buy signal’ detected by the TD Sequential indicator. This technical tool, developed by Tom DeMark, is respected for its ability to predict price reversals by analyzing exhaustion points in trends. Related Reading: Buckle Up: Bitcoin\u2019s Ride to $74K Could Start Any Minute \u2013 Here\u2019s Why Decoding The TD Sequential Indicator On Bitcoin Chart The TD Sequential operates in two main phases: the setup and the countdown. The setup phase requires nine consecutive price bars closing progressively higher or lower, depending on the trend’s direction. Following a successful setup, the countdown phase begins, searching for a sequence of 13 bars that continue the trend but must close beyond the high or low of two bars prior. Completing this countdown typically signals an exhausted trend, poised for a reversal. Bitcoin’s hourly chart shows the completion of this pattern, suggesting an imminent uptick over the next few hours. The TD Sequential presents a buy signal on the #Bitcoin hourly chart, predicting a potential rebound of one to four candlesticks for $BTC! pic.twitter.com\/pnAMFHHbPe \u2014 Ali (@ali_charts) June 11, 2024 This technical prognosis arrives as Bitcoin contends with downward pressure, recently dipping below $67,000, a price level not seen since late May. Currently, Bitcoin is trading at $66,855, marking a 3.7% decline, which has sparked widespread commentary among investors and analysts. Buy The Dip, Says Mow Samson Mow, the CEO of Jan3 and a notable Bitcoin advocate, recently stirred the Bitcoin community with a post on his X account that included an optimistic forecast for Bitcoin’s price. Revisiting his earlier post, he added a highly optimistic prediction that Bitcoin could reach as high as $1 million per BTC. In his post, Mow used a visual diagram to compare the current available capital in the market with the amount of Bitcoin available and potentially mine-able in the future. The illustration did not specify quantities but effectively showed the small amount of Bitcoin available relative to the vast amount of capital that could potentially purchase it. The diagram, designed as overlapping triangles resembling an hourglass, emphasized the scarcity of Bitcoin in comparison to available capital. Related Reading: Bitcoin\u2019s Stubborn Stand Below $100K: What\u2019s Holding It Back? Mow’s post highlighted his perspective on the ongoing price dip, suggesting that despite the drop, the fundamental outlook for Bitcoin remains strong due to its limited supply and growing adoption. He use the term “BTFD” \u2013 “buy the f**king dip” \u2013 to suggest a bullish outlook. Feels weird seeing #Bitcoin price go down when we’re at a level of unprecedented adoption. BTFD! \u2014 Samson Mow (@Excellion) June 11, 2024 Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":624085,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88240,3],"tags":[428,11434,678,1119,78790,6664,10923],"class_list":["post-624080","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","category-news","tag-bitcoin","tag-bitcoin-analyst","tag-bitcoin-prediction","tag-btc","tag-btcusdt","tag-crypto","tag-crypto-market"],"acf":[],"yoast_head":"\nIs Now The Time To Buy Bitcoin? Latest Chart Analysis Says Yes - Here\u2019s Why<\/title>\n<meta name=\"description\" content=\"Bitcoin has recently been spotlighted due to an intriguing buy signal identified on its hourly chart. 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/wncen.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Is Now The Time To Buy Bitcoin? 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