Bitcoin (BTC) is once again exhibiting signs of a likely bullish rebound, according to acclaimed Twitter on-chain analyst @Ali_Charts. He noted how the TD Sequential indicator on the cryptocurrency's daily chart flashed a buy signal, which could foresee a potential rebound. The accuracy of the TD Sequential in predicting local bottoms in the past two months suggests that if the cryptocurrency can hold support around $26,360, a major upward move could be an imminent event.

This reinforces what Bitcoin has been doing for the crypto market as a whole recently - helping it achieve an overall stability. The past week, however, saw an upshoot in gas fees due to the increasing occurrence of Ordinals inscriptions on the protocol. To help overcome the repercussions of this and any other threat that may arise in the near future, scaling solutions will likely be needed. Cryptocurrencies, particularly Bitcoin, have the potential for much more upsides and thus remains a staple in many macro crypto traders' watchlists.



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