Bitcoin At Risk As TD Sequential Flashes Key | Crypto News
Bitcoin continues to consolidate within the $78,000 zone, following its web constructive efficiency in April. Having shown key indicators of recovery, the main cryptocurrency is now gathering momentum for its next major price swing. Amid the wait, a pivotal unfavourable trading signal has emerged.
TD Sequential Highlights Critical Bitcoin Support
In an X post on May 2, seasoned market analyst Ali Martinez postulates that Bitcoin might soon endure another wave of price correction, following the latest TD Sequential data. The maiden cryptocurrency has been a major sufferer of the market winter, establishing a cycle low of $60,000 and presently trading 37.85% below its all-time high of $126,100.
April introduced a lot bullish aid amid this bear market, with costs surging by a web 14%. However, the TD Sequential, a trading indicator largely used to determine potential development reversals and exhaustion, is backing a resurgence in bearish sentiment.
A new promote signal has just flashed for Bitcoin $BTC.
The Tom DeMark (TD) Sequential indicator is signaling development exhaustion on the 3-day chart, marking the first major bearish pivot of the 12 months.
This setup anticipates a 1 to 4-candlestick correction on the 3-day timeframe.… pic.twitter.com/NNhYWBvXDa
— Ali Charts (@alicharts) May 2, 2026
According to Martinez, the TD Sequential is flashing a development exhaustion signal on the BTCUSDT 3-day chart. Interestingly, this event represents the first bearish shift in the indicator in 2026. The last signal from the TD Sequential got here in February – a buy set off which proved profitable, ensuing in 32% gain between $60,000 to around $80,000.
This latest promote setup anticipates a 1 to 4-candlestick correction on the 3-day timeframe, i.e., a short-term pullback that might unfold over roughly three to 12 days before the broader development resumes or consolidates. In this respect, Martinez has highlighted $67,500 as an instant draw back goal if this unfavourable play unfolds.
However, the analyst warns that price momentum could fail to stabilize around this degree. In that case, a deeper correction could happen, exposing buyers to decrease ranges around $40,000-$50,000. Martinez also reiterates that Bitcoin’s macro construction stays bullish, and long-term buyers ought to monitor the price motion at $67,500 for development affirmation in either direction.
Bitcoin Market Overview
At press time, Bitcoin trades at $78,657, following an instant retrace after hitting $79,000. The premier cryptocurrency stories a minor 0.68% gain on its daily chart. However, its daily trading quantity is down by a staggering 56%, suggesting little market participation behind its most latest gain.
On the month-to-month chart, Bitcoin is up 17.53% owing to its April revival. However, the premier cryptocurrency faces key boundaries forward, such as $80,000, which must be damaged to strengthen the case for a bullish recovery. With a market cap of $1.57 trillion, Bitcoin holds 60.4% market dominance and ranks as the Eleventh-largest asset in the world.
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