Analyst Says Bitcoin Is Set To Close This Month In The Red, Here’s Why
Bitcoin’s restoration try has carried it back above $80,000 for the primary time since late January 2026, giving bulls a purpose to argue that the worst of the latest correction has handed. Nonetheless, one crypto analyst believes the transfer is operating immediately into the extent that would resolve how Could ends for BTC.
In a technical outlook shared on X, crypto analyst Leshka warned that Bitcoin is more likely to shut Could within the pink, pointing to a bear flag construction taking part in out on the every day chart.
Why Bitcoin Will Shut Could In Crimson
Leshka’s outlook on Bitcoin is predicated on its worth motion for the reason that February dump. The every day candlestick timeframe chart reveals BTC recovering inside an ascending channel, with worth grinding greater from the $60,000 area into the $80,000 vary on the time of writing. This restoration seems constructive as a result of the motion has triggered Bitcoin to print greater lows and better highs for the reason that February low.
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Nonetheless, Leshka interprets the same structure in a different way. In response to the analyst, the rising channel is a bear flag at the moment in formation. A bear flag normally seems when worth bounces upward in a managed channel after a significant drop, solely to later break under the construction and proceed decrease.
As proven within the chart under, Bitcoin’s latest advance is proven urgent on the higher boundary of the ascending channel, and that is across the identical space the place the 200-day transferring common is positioned. Apparently, Bitcoin has gone seven months and not using a every day shut above this transferring common, and this makes it a significant line between a restoration rally and a confirmed development reversal.
On the time of writing, the 200 MA is round $82,000. The outlook right here depends upon how the Bitcoin worth reacts to this stage. The projected bearish path proposed by the analyst reveals Bitcoin making one remaining push into the resistance/200 MA confluence before reversing lower, dropping the channel, and falling again to the $58,000 to $56,000 vary by June.
BTC’s Could Report Faces A Main Check
Bitcoin is already up 7.11% thus far in Could 2026. Bitcoin’s month-to-month return desk reveals that Could has usually been one in every of its stronger months, with a median achieve of 18.7% and a median return of 8.32% throughout earlier years. Bitcoin’s worth motion for Could within the final two years was constructive, with the cryptocurrency gaining 11.1% in each Could 2024 and Could 2025.
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That historic energy is what makes this prediction extra fascinating. The issue is that the rally is now urgent into the precise resistance zone the place the 200-day transferring common is located.
Earlier pink Could closes have additionally appeared throughout troublesome market phases, together with a 35.4% decline in Could 2021, a 15.9% decline in Could 2022, and a 7.10% decline in Could 2023. Leshka’s view is that 2026 may be part of that group if the present transfer fails on the high of the ascending channel.
Featured picture from Getty Photographs, chart from Tradingview.com
