Bitcoin price is trading at around $27,000 per coin after failing to hold above $30,000. Crypto market sentiment would suggest that BTC is already back at lows, ready for a fresh decline.
However, if a perfected TD buy setup is an indication, then BTC might have just finished its pullback and is ready to continue upward with renewed momentum.
A Perfect Pullback For Buying The Dip In Bitcoin?
The cryptocurrency community has been on a rollercoaster ride of emotions the past several weeks. Bitcoin’s early 2023 rally caught bears by surprise. Rising beyond $30,000, however, was an opportunity to strike while bulls were blinded by euphoria from recent returns.
Much more quickly than bulls became exuberant over the top crypto asset by market cap doubling in value since bear market lows, bears are celebrating a continuation of crypto winter without so much as a sign of a symbolic snowflake.
Another sign has triggered elsewhere. In this case, a perfected TD8 buy setup has appeared on daily
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