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Opinion: Bitcoin shows a buy signal, possibly rising to $75k
BlockBeats News, May 31 — According to crypto analyst Alicharts, a TD Sequential buy signal appeared on Bitcoin’s 12-hour chart, which may spark a rebound to $75,000.
TD Sequential is a momentum indicator developed by Tom DeMark, used to identify oversold reversal points, but its signals need to be verified in combination with volume, ETF capital flows, and the macro environment. At present, Bitcoin’s price is consolidating in the $73,000–$74,000 range.