The TD Sequential, a momentum indicator created by Thomas DeMark, is generating a buy signal for Bitcoin as the cryptocurrency trades around $77,000 in a consolidation phase. Markets are pricing in an 88.5% probability of a 25-basis-point hike at the Fed’s September 16 FOMC meeting. The indicator suggests a potential rebound within three to nine days, assuming selling pressure continues to wane. The 2-year Treasury yield stands at 4.63% while the 10-year inflation-indexed yield reaches 2.55%, a level that historically makes risk assets like Bitcoin work harder to attract capital.
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