2026 has been quite eventful for the cryptocurrency industry, mostly driven by the developments in the war between the US\/Israel and Iran. It began with a massive nosedive to $60,000 and was followed by an impressive 30%+ recovery by early May.<\/p>\n
Now, though, this rather notable rally has reached a major resistance and Ali Martinez warned that a technical indicator has flashed a major sell signal.<\/p>\n
The analyst told his over 165,000 followers on X that the Tom DeMark (TD) Sequential indicator has flashed red for bitcoin on the 3-day chart, marking the \u201cfirst major bearish pivot of the year.\u201d He added that the same tool timed perfectly the aforementioned rebound from the early February lows of $60,000 to almost $80,000, which was neared twice in the past 10 days or so.<\/p>\n
Martinez warned that if bitcoin fails to stabilize and dips decisively below $67,500, which has emerged as the most crucial level now, it could \u201ctrigger a new bearish countdown, potentially extending the correction.\u201d<\/p>\n
Previously, the same analyst suggested<\/a> that bitcoin could find a new bottom beneath $55,000 if the current structure breaks down.<\/p>\n \u201cWhile the macro trend remains constructive, the TD Sequential is a high-authority timing tool. For those looking to manage risk, the $67,500 level is the primary floor to watch for trend validation,\u201d he concluded<\/a>.<\/p>\n<\/blockquote>\n It\u2019s worth noting that BTC ended<\/a> April on a high note, posting a near 12% increase. It became the best-performing month since the previous April.<\/p>\n Fellow analyst Ted Pillows also weighed in on the cryptocurrency\u2019s latest price performance, especially the Friday increase to over $78,000, which came after reports that Iran had sent another peace proposal to the US. Although it was rejected by\u00a0 Trump hours later, BTC maintained the $78,000 level and has remained there for about 24 hours.<\/p>\n Pillows noted bitcoin has tested a \u201cstrong resistance zone\u201d at around $80,000 lately, which has rejected both attempts in the past few weeks. May has been historically a positive month for BTC, but more adverse developments on the war front could quickly turn the tables once again.<\/p>\n $BTC<\/a> is back above the $78,000 level.<\/p>\n Now, Bitcoin has entered a strong resistance zone.<\/p>\n Do you think BTC will break above $80,000 this month? pic.twitter.com\/gDOWAEhfJl<\/a><\/p>\n \u2014 Ted (@TedPillows) May 2, 2026<\/a><\/p>\n<\/blockquote>\n The post Bitcoin Price Faces Risk as Proven Indicator Signals Major Sell-Off<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" 2026 has been quite eventful for the cryptocurrency industry, mostly driven by the developments in the war between the US\/Israel and Iran. It began with a massive nosedive to $60,000 and was followed by an impressive 30%+ recovery by early May. Now, though, this rather notable rally has reached a major resistance and Ali Martinez […]<\/p>\n","protected":false},"author":1,"featured_media":42036,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-42034","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\n\n
Strong Resistance<\/h2>\n
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