Bitcoin Flashes Key TD9 Reversal Signal
TD9 is derived from the Tom DeMark Sequential market-timing indicator. Nine consecutive monthly candles closing below the close four bars earlier may signal that a downtrend is becoming exhausted. The monthly signal draws attention because it captures longer-term trends, but it neither guarantees a bottom nor provides a stand-alone basis for buying. After a similar signal appeared in July 2022, Bitcoin still took five months to form a bottom.
Cointelegraph reported on July 1, 2026, that Tony Severino, citing a TradingView chart, said Bitcoin had completed its first “perfect” monthly TD9 downside setup since July 2022, though confirmation at the close was still pending. $55,000 was the more widely cited downside target, while the current bear market was estimated to be more than two-thirds complete. Scott Melker pointed to bullish RSI divergences on the four-hour, daily and weekly charts, indicating that selling pressure was weakening.
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The history behind this eventBitcoin's Bullish RSI Divergence Points to Potential Price Reversal
The relative strength index, or RSI, measures price momentum. A bullish divergence forms when Bitcoin's price continues to fall while RSI troughs move higher, a pattern often seen as a sign that selling pressure is easing. Cointelegraph said the current setup resembles the bottoming phase of the 2022 bear market, prompting speculation that Bitcoin may be nearing a cyclical low.
In July 2026, Bitcoin attempted to reclaim $60,000 as its four-hour RSI showed a key bullish divergence, leading some analysts to predict a possible price reversal. Traders have yet to reach a consensus, however. More cautious observers believe the cryptocurrency could still fall below its recent low before August 2026, making its ability to hold above $60,000 a key indicator to watch.
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