Bitcoin Buy Signal Spotted Amid Price Fluctuations

Bitcoin has garnered significant attention recently due to a buy signal on its hourly chart, identified by crypto analyst Ali using the TD Sequential indicator. This tool, known for predicting price reversals, suggests a potential short-term gain for Bitcoin as it completes its pattern, signaling an imminent uptick. Currently, Bitcoin is trading at $66,855, having dipped below $67,000, sparking discussions among investors.
Meanwhile, Samson Mow, CEO of Jan3, has also made waves with his optimistic forecast, suggesting Bitcoin could reach up to $1 million per BTC. He illustrated the scarcity of available Bitcoin compared to the vast market capital using a visual diagram, underlining the potential for significant price increases despite recent downward pressure.