Bitcoin is still consolidating in the $78,000 range, after its positive net performance of April. The leading cryptocurrency has shown signs of recovery and is now gathering strength for its next price surge. A pivotal trading signal that is negative has been revealed amid the waiting.
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TD Sequential highlights critical Bitcoin support
Then, you can get in touch with us. X post Ali Martinez, a seasoned financial analyst who has been in the industry for many years, predicted on May 2, that Bitcoin would soon be subject to another round of price fluctuations. He was referring to the latest TD Sequential figures. This first cryptocurrency is a victim of market winter. It has a low cycle price of $60,000. It currently trades 37.85% lower than its high all-time of $126.100.
The bull market was relieved in April, when prices surged by an average of 14%. The TD Sequential is a popular trading indicator used for identifying potential trend reversals or exhaustion. It supports a resurgence of bearish sentiment.
Bitcoin just received a brand new selling signal $BTC.
The Tom DeMark Sequential (TD), a trend-exhaustion indicator, is signaling on the 3-day charts the first significant bearish pivot this year.
This setup anticipates a 1 to 4-candlestick correction on the 3-day timeframe.… pic.twitter.com/NNhYWBvXDa
— Ali Charts (@alicharts) May 2, 2026
Martinez claims that the TD Sequential flashes a signal of trend exhaustion on the BTCUSDT 3 day chart. It is interesting to note that this marks the first time the indicator has shifted in a bearish direction since 2026. The last signal from the TD Sequential came in February – a buy trigger which proved successful, resulting in 32% gain between $60,000 to around $80,000.
This sell setup predicts that the trend will resume or consolidate in three to twelve days. Martinez’s immediate target for a negative outcome is $67,500.
The analyst cautions, however, that momentum in the market may not be able to settle at this price level. If this happens, investors may be exposed to levels as low as $40,000 or $50,000. Martinez also reiterates Bitcoin’s macro structure is bullish. Investors should watch the price at $67.500 to see if there’s a change in trend.
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Bitcoin Market Overview
Bitcoin was trading at $78,657 during the time of this article, after a retracement immediately following its $79,000 high. The daily chart of the leading cryptocurrency indicates a minor gain (0.68%) for this currency. Its daily trading volume has dropped by 56%. This suggests that there was little participation in the market behind this recent increase.
Bitcoin has risen by 17.53% on the monthly chart due to its revival in April. But the top cryptocurrency is still facing major obstacles, like $80,000. It must overcome this barrier to make a strong case for bullish recoveries. Bitcoin is the world’s 11th largest asset with a global market cap of 1.57 trillion dollars. This represents 60.4% dominance.
Featured Image from Vecteezy. Chart by Tradingview
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Source: www.newsbtc.com
