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Bitcoin gives an ‘important buy signal’!


Bitcoin (BTC) and the overall cryptocurrency market started August on a positive note, recording capital inflows to sustain the $1 trillion valuation. The market performance came as investors predicted the latest CPI figures that will partially determine price action for both cryptocurrencies and stocks.

Claim: Bitcoin gives an ‘important buy signal’!

However, Bitcoin has recovered somewhat and the focus is on the next price action for the flagship cryptocurrency, which is down 1% in the last 24 hours to trade at $23,060.

Accordingly, crypto trading expert Ali Martinez stated in a tweet published on Aug. Bitcoin is currently at $24,000.

Ali Martinez made the following statements on the subject;

“The TD Sequential indicator offers a buy signal at a key support area. An increase in buying pressure could help BTC rally to $23,500 or even $24,100. Still, watch out for the $23,890 support level, below which a four-hour candlestick could trigger a steep correction.

Claim: Bitcoin gives an 'important buy signal'!  - Picture : 1

Bitcoin chart. Source: TradingView

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