• 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.

Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0

PRC Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed