Bitcoin At Risk As TD Sequential Flashes Key Bearish Signal – Details

The maiden cryptocurrency has been a major victim 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 brought much bullish relief amid this bear market, with prices surging by a net 14. However, the TD Sequential, a trading indicator largely used to identify potential trend reversals and exhaustion, is backing a resurgence in bearish sentiment. According to Martinez, the TD Sequential is flashing a trend 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 came in February – a buy trigger which proved successful, resulting in 32 gain between 60,000 to around 80,000. This latest sell setup anticipates a 1 to 4-candlestick correction on the 3-day timeframe, i.e., a short-term pullback that could unfold over roughly three to 12 days before the broader trend resumes or consolidates. In this respect, Martinez has highlighted 67,500 as an immediate downside target if this negative play unfolds. However, the analyst warns that price momentum may fail to stabilize around this level. In that case, a deeper correction may occur, exposing investors to lower levels around 40,000-50,000. Martinez also reiterates that Bitcoin’s macro structure remains bullish, and long-term investors should monitor the price action at 67,500 for trend confirmation in either direction. Related Reading: XRP May Outlook: 4 Catalysts, Key Dates, And Critical Price Levels To Watch Bitcoin Market Overview At press time, Bitcoin trades at 78,657, following an immediate retrace after hitting 79,000. The premier cryptocurrency reports a minor 0.68 gain on its daily chart. However, its daily trading volume is down by a staggering 56, suggesting little market participation behind its most recent gain. On the monthly chart, Bitcoin is up 17.53 owing to its April revival. However, the premier cryptocurrency faces key barriers ahead, such as 80,000, which must be broken 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 11th-largest asset in the world. Featured image from Vecteezy, chart from Tradingview