In the ongoing heightened volatility within the broader crypto market, Bitcoin is gaining attention following its recent price drop to below $100,000. Amid this, crypto trader Ali Martinez pointed out a buy signal for the biggest digital asset.
Buy signal for BTC
According to a TD Sequential chart shared by Martinez on X today, the BTC price is indicating a major buy signal. This means the ongoing Bitcoin correction trend could be weakening, making this a possible ideal time for traders to consider entering the market. The analyst shared a BTC’s 4-hour chart indicating a green “9” candle, suggesting a potential right time to acquire the token.
The chart shows BTC is in a downward momentum with the green “9” candle indicating a buy signal. This suggests the current consolidation trend could be coming to an end and the asset is preparing for a bounce back. The chart marked the $100,155 price mark as a possible entry for traders looking to take advantage of a potential BTC price resurgence.
Is BTC ready for a new ATH?
On Friday, US President Trump introduced heavy new tariffs on imports from Canada, Mexico, and China. Bitcoin reacted defensively to the newly announced tariffs. The token immediately saw a 2% decrease, which made it drop to above $100,000 from a high of $106,000. Altcoin markets experienced greater declines, with ETH, XRP, and SOL slumped their values between a range of 6% and 8%.
Although the week has been quite volatile for BTC, it responded well against the concerns of China’s AI DeepSeek and the Fed’s lending rate decisions. The asset is currently trading at $99,013.51, down 3% in the last 24 hours.
Now that the first month of this year is over, crypto users have turned their eyes to February. Historically, February is one of the best months for the largest cryptocurrency. Out of the past 12 Februaries, the asset only saw downtrends in two Februaries.
Furthermore, all three Februaries that followed halving years led to significant returns. BTC returns surged 61.77% in February 2013, 23.07% in February 2017, and 36.78% in February 2021. As a result, there is increased optimism that this month, the token will see greater uptrends backed by a new all-time high.
The broader crypto market is currently experiencing heightened bullish behavior. For example, centralized exchanges are currently witnessing increased inflows of USDT and USDC, an indication that investors are getting prepared to enter the market.
Also, recently President Trump issued an executive order to explore the addition of certain cryptocurrencies into national reserves. The development could make the crypto market experience significant bull runs if authorized.
