Cryptocurrency analyst and trader Ali Martinez has identified a bullish setup on the Bitcoin (BTC/USD) 12-hour time frame. According to Martinez, if BTC breaks above the resistance level of $94,700, as indicated by the TD Sequential indicator, it could rally to $97,500. On the other hand, if BTC breaks below the key support level of $92,500, it would invalidate the bullish setup. The TD Sequential indicator is a technical analysis tool that identifies potential reversal points in the market. It is based on the idea that price movements tend to follow certain patterns, and that these patterns can be used to predict future price movements.

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