2026 has been fairly eventful for the cryptocurrency business, principally pushed by the developments within the struggle between the US/Israel and Iran. It started with an enormous nosedive to $60,000 and was adopted by a powerful 30%+ restoration by early Might.
Now, although, this moderately notable rally has reached a significant resistance and Ali Martinez warned {that a} technical indicator has flashed a significant promote sign.
Certainly Promote in Might and Go Away?
The analyst instructed 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 instrument 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 beneath $67,500, which has emerged as probably the most essential stage now, it may “set off a brand new bearish countdown, probably extending the correction.”
Beforehand, the identical analyst recommended that bitcoin may discover a new backside beneath $55,000 if the present construction breaks down.
“Whereas the macro development stays constructive, the TD Sequential is a high-authority timing instrument. For these trying to handle threat, the $67,500 stage is the first ground to look at for development validation,” he concluded.
It’s price noting that BTC ended April on a excessive observe, posting a close to 12% improve. It turned the best-performing month because the earlier April.
Robust Resistance
Fellow analyst Ted Pillows additionally weighed in on the cryptocurrency’s newest value efficiency, particularly the Friday improve to over $78,000, which got here after experiences that Iran had despatched one other peace proposal to the US. Though it was rejected by Trump hours later, BTC maintained the $78,000 stage and has remained there for about 24 hours.
Pillows famous bitcoin has examined a “robust resistance zone” at round $80,000 these days, which has rejected each makes an attempt prior to now few weeks. Might has been traditionally a constructive month for BTC, however extra antagonistic developments on the struggle entrance may shortly flip the tables as soon as once more.
$BTC is again above the $78,000 stage.
Now, Bitcoin has entered a powerful resistance zone.
Do you suppose BTC will break above $80,000 this month? pic.twitter.com/gDOWAEhfJl
— Ted (@TedPillows) Might 2, 2026
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