2026 has been fairly eventful for the cryptocurrency trade, largely pushed by the developments within the battle between the US/Israel and Iran. It started with a large nosedive to $60,000 and was adopted by a powerful 30%+ restoration by early Might.
Now, although, this reasonably notable rally has reached a serious resistance and Ali Martinez warned {that a} technical indicator has flashed a serious promote sign.
Certainly Promote in Might and Go Away?
The analyst advised his over 165,000 followers on X that the Tom DeMark (TD) Sequential indicator has flashed purple for bitcoin on the 3-day chart, marking the “first main bearish pivot of the yr.” He added that the identical software timed completely the aforementioned rebound from the early February lows of $60,000 to virtually $80,000, which was neared twice prior to now 10 days or so.
Martinez warned that if bitcoin fails to stabilize and dips decisively under $67,500, which has emerged as probably the most essential degree now, it might “set off a brand new bearish countdown, probably extending the correction.”
Beforehand, the identical analyst steered that bitcoin might discover a new backside beneath $55,000 if the present construction breaks down.
“Whereas the macro pattern stays constructive, the TD Sequential is a high-authority timing software. For these seeking to handle danger, the $67,500 degree is the first ground to look at for pattern validation,” he concluded.
It’s price noting that BTC ended April on a excessive be aware, posting a close to 12% enhance. It turned the best-performing month for the reason that earlier April.
Sturdy Resistance
Fellow analyst Ted Pillows additionally weighed in on the cryptocurrency’s newest worth efficiency, particularly the Friday enhance to over $78,000, which got here after stories that Iran had despatched one other peace proposal to the US. Though it was rejected by Trump hours later, BTC maintained the $78,000 degree and has remained there for about 24 hours.
Pillows famous bitcoin has examined a “robust resistance zone” at round $80,000 recently, which has rejected each makes an attempt prior to now few weeks. Might has been traditionally a constructive month for BTC, however extra opposed developments on the battle entrance might rapidly flip the tables as soon as once more.
$BTC is again above the $78,000 degree.
Now, Bitcoin has entered a robust resistance zone.
Do you assume BTC will break above $80,000 this month? pic.twitter.com/gDOWAEhfJl
— Ted (@TedPillows) Might 2, 2026
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