Will BTC collapse again in the following weeks?
2026 has been an eventful year for the cryptocurrency industry, mostly driven by developments in the war between the US/Israel and Iran. It started with a massive drop to $60k, followed by an impressive 30%+ recovery by early May.
However, this notable rally has now reached significant resistance and Ali Martinez warned that the technical indicator has triggered a major sell signal.
Do you already sell in May and walk away?
The Tom DeMark (TD) Sequential Index is flashing red for Bitcoin on the 3-day chart, marking the “first major bearish pivot of the year,” the analyst told his 165,000-plus followers on X. He added that the same tool has perfectly identified the aforementioned recovery from the early February lows of $60,000 to nearly $80,000, which it has come close to twice in the past 10 days or so.
Martinez warned that if Bitcoin fails to stabilize and falls decisively below $67,500, which has emerged as the most important level now, this could “trigger a new bearish countdown, which could lead to an extension of the correction.”
Previously, the same analyst Suggested Bitcoin could find a new bottom below $55,000 if the current structure collapses.
“While the macro trend is still building, the TD Sequential is a high-authority timing tool. For those looking to manage risk, the $67,500 level is a key floor to monitor for trend validation,” That’s it.
It is worth noting that BTC I finish April was up, recording an increase of nearly 12%. It became the best performing month since last April.
Strong resistance
Fellow analyst Ted Bellows also commented on the cryptocurrency’s recent price performance, especially Friday’s increase to over $78,000, which came after reports that Iran had sent another peace proposal to the United States. Despite Trump rejecting it hours later, Bitcoin maintained the $78,000 level and remained there for nearly 24 hours.
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Bellos noted that Bitcoin has tested a “strong resistance area” at around $80,000 recently, which has rejected both attempts in the past few weeks. May has been a historically positive month for Bitcoin, but more negative developments on the war front could quickly turn the tables again.
$ Bitcoin It is back above the $78,000 level.
Now, Bitcoin has entered a strong resistance area.
Do you think BTC will exceed $80,000 this month? pic.twitter.com/gDOWAEhfJl
– Ted (@TedPillows) May 2, 2026
