A closely followed crypto analyst says that Bitcoin (BTC<\/a>) is gearing up to bounce back based on one key indicator.<\/p>\n In a new strategy session, crypto trader Ali Martinez tells<\/a> his 66,600 on the social media platform X that the Tom DeMark (TD) Sequential indicator is flashing a buy signal on the crypto king\u2019s one-hour chart.<\/p>\n \u201cThe TD presents a buy signal on the Bitcoin one-hour chart, anticipating a rebound of one to four hourly candlesticks for BTC!\u201d<\/em><\/p>\n The TD Sequential indicator is generally used by traders to determine potential points of reversal for an asset.<\/p>\n Martinez says<\/a> that historically, the top crypto asset by market cap has recuperated in July after having a rough month of June.<\/p>\n \u201cHistorically, when Bitcoin has had a negative June, it tends to bounce back strongly in July. In fact, BTC has shown an average return of 7.98% and a median return of 9.60% during this month.\u201d<\/em><\/p>\n However, the analyst says that based on current futures positions, it\u2019s possible<\/a> that Bitcoin\u2019s dip isn\u2019t over yet.<\/p>\n \u201cBitcoin price action has been brutal, but only $280.9 million in longs have been liquidated and $25.4 in shorts. In the past, we have seen mass liquidation events of over $1 billion! This tells us either the BTC dip is not over yet or shorts are about to get obliterated.\u201d<\/em><\/p>\n Bitcoin is trading for $57,534 at time of writing, a 4.8% decrease during the last 24 hours. On July 1st, it was trading for $63,322.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>   Featured Image: Shutterstock\/arleksey\/Sol Invictus<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" A closely followed crypto analyst says that Bitcoin (BTC) is gearing up to bounce back based on one key indicator. In a new strategy session, crypto trader Ali Martinez tells his 66,600 on the social media platform X that the Tom DeMark (TD) Sequential indicator is flashing a buy signal on the crypto king\u2019s one-hour […]<\/p>\n","protected":false},"author":2,"featured_media":40963,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-337693","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/337693","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=337693"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/337693\/revisions"}],"predecessor-version":[{"id":337697,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/337693\/revisions\/337697"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/40963"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=337693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=337693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=337693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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