U.Today - Crypto analyst and trader shared a bullish forecast on his Twitter handle. He believes that the flagship cryptocurrency Bitcoin is likely to rebound as the TD (TSX:TD) Sequential indicator has shown a buy signal on a Bitcoin one-hour chart and a bullish divergence against the RSI.
If Bitcoin manages to hold above the $24,800 level, Martinez tweeted, it is possible to expect an upswing to $25,300 or even as high as $25,500.
Bitcoin's illiquid supply keeps growing
This, concludes the Glassnode analytics team, indicates that the primary market dynamic at the moment is HODLing BTC.
Bitcoin responds to recent Fed decision
This proves that the crypto market remains very sensitive to macroeconomic changes even if they are pretty much expected.
At the time of this writing, Bitcoin is changing hands at $25,040, having dropped 3.63% within the last 24 hours, according to the data shared by CoinMarketCap.