Bitcoin hasn’t fared too well over the past few days, tumbling as low as $9,500 on Monday as sellers have started to liquidate their stacks en-masse. This meant that at the current correction’s worst, BTC was down just around 10% from the local $10,550 high that was set last week.<\/p>\n
While this plunge seemingly marks a strong reversal from the decisive uptrend Bitcoin<\/a> has been trading in for the past two months, a key signal suggests that bulls may once again take over, likely to push the asset back above $10,000 and beyond.<\/p>\n If you’ve spent any time at all perusing Crypto Twitter, you likely know of TD Sequential, which is a time-based indicator that tries to predict when an asset will see a certain trend or reversal of its ongoing trend.<\/p>\n The Sequential has done well in predicting Bitcoin’s trends. Extremely well. So well, in fact, that the creator of the indicator remarked in an interview with Bloomberg that 13 candles<\/a> (signals reversals) were seen when Bitcoin hit $20,000 in December 2017, \u00a0when BTC cratered to $3,150 in December 2018, and near the $14,000 top seen in June.<\/p>\n The indicator is now signaling that Bitcoin will see a reversal on a short-term time frame. Analyst Crypto Hamster remarked<\/a> that the TD Sequential for the four-hour chart just printed a red 9, suggesting a recovery towards $10,000 and beyond.<\/p>\n Indeed, the prior 9 candle seen on the four-hour chart was a precursor to a 10% surge higher than brought the asset from $9,600 or so to $10,550 in a few days’ time.<\/p>\n TD Sequential: a red "9" on a 4h TF. — CryptoHamster (@CryptoHamsterIO) February 18, 2020<\/a><\/p><\/blockquote>\nRelated Reading: Crypto Tidbits: Bitcoin Slides Under $10,000, JP Morgan & Ethereum, and the US\u2019 Cryptocurrency Crackdown<\/a><\/h6>\n
Bitcoin About to Roar Even Higher, Indicator Predicts<\/strong><\/h2>\n
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I wouldn't trust it too much, but hey, it is there… $BTC<\/a> $BTCUSD<\/a> #bitcoin<\/a> pic.twitter.com\/czm7AhPAV9<\/a><\/p>\n