{"id":88830,"date":"2026-05-02T15:48:12","date_gmt":"2026-05-02T15:48:12","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=88830"},"modified":"2026-05-02T15:48:12","modified_gmt":"2026-05-02T15:48:12","slug":"bitcoin-price-faces-risk-as-proven-indicator-signals-major-sell-off","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=88830","title":{"rendered":"Bitcoin Price Faces Risk as Proven Indicator Signals Major Sell-Off"},"content":{"rendered":"
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2026 has been quite eventful for the cryptocurrency industry, mostly driven by the developments in the war between the US\/Israel and Iran. It began with a massive nosedive to $60,000 and was followed by an impressive 30%+ recovery by early May.<\/p>\n

Now, though, this rather notable rally has reached a major resistance and Ali Martinez warned that a technical indicator has flashed a major sell signal.<\/p>\n

Indeed Sell in May and Go Away?<\/h2>\n

The analyst told his over 165,000 followers on X that the Tom DeMark (TD) Sequential indicator has flashed red for bitcoin on the 3-day chart, marking the \u201cfirst major bearish pivot of the year.\u201d He added that the same tool timed perfectly the aforementioned rebound from the early February lows of $60,000 to almost $80,000, which was neared twice in the past 10 days or so.<\/p>\n

Martinez warned that if bitcoin fails to stabilize and dips decisively below $67,500, which has emerged as the most crucial level now, it could \u201ctrigger a new bearish countdown, potentially extending the correction.\u201d<\/p>\n

Previously, the same analyst suggested<\/a> that bitcoin could find a new bottom beneath $55,000 if the current structure breaks down.<\/p>\n

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\u201cWhile the macro trend remains constructive, the TD Sequential is a high-authority timing tool. For those looking to manage risk, the $67,500 level is the primary floor to watch for trend validation,\u201d he concluded<\/a>.<\/p>\n<\/blockquote>\n

It\u2019s worth noting that BTC ended<\/a> April on a high note, posting a near 12% increase. It became the best-performing month since the previous April.<\/p>\n

Strong Resistance<\/h2>\n

Fellow analyst Ted Pillows also weighed in on the cryptocurrency\u2019s latest price performance, especially the Friday increase to over $78,000, which came after reports that Iran had sent another peace proposal to the US. Although it was rejected by\u00a0 Trump hours later, BTC maintained the $78,000 level and has remained there for about 24 hours.<\/p>\n

Pillows noted bitcoin has tested a \u201cstrong resistance zone\u201d at around $80,000 lately, which has rejected both attempts in the past few weeks. May has been historically a positive month for BTC, but more adverse developments on the war front could quickly turn the tables once again.<\/p>\n

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$BTC<\/a> is back above the $78,000 level.<\/p>\n

Now, Bitcoin has entered a strong resistance zone.<\/p>\n

Do you think BTC will break above $80,000 this month? pic.twitter.com\/gDOWAEhfJl<\/a><\/p>\n

\u2014 Ted (@TedPillows) May 2, 2026<\/a><\/p>\n<\/blockquote>\n