Bitcoin’s restoration try has carried it back above $80,000 for the primary time since late January 2026, giving bulls a cause to argue that the worst of the latest correction has handed. Nonetheless, one crypto analyst believes the transfer is working straight into the extent that would resolve how Might ends for BTC.
In a technical outlook shared on X, crypto analyst Leshka warned that Bitcoin is more likely to shut Might within the crimson, pointing to a bear flag construction enjoying out on the each day chart.
Why Bitcoin Will Shut Might In Purple
Leshka’s outlook on Bitcoin relies on its worth motion since the February dump. The each day candlestick timeframe chart exhibits BTC recovering inside an ascending channel, with worth grinding larger from the $60,000 area into the $80,000 vary on the time of writing. This restoration appears constructive as a result of the motion has triggered Bitcoin to print larger lows and better highs for the reason that February low.
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Nonetheless, Leshka interprets the same structure in another way. In accordance with 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 similar space the place the 200-day shifting common is positioned. Apparently, Bitcoin has gone seven months without a daily close above this shifting 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 is dependent upon how the Bitcoin price reacts to this level. The projected bearish path proposed by the analyst exhibits Bitcoin making one closing 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 Might Document Faces A Main Check
Bitcoin is already up 7.11% thus far in Might 2026. Bitcoin’s month-to-month return desk exhibits that Might has typically been one 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 Might within the final two years was optimistic, with the cryptocurrency gaining 11.1% in each Might 2024 and Might 2025.
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That historic power 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 shifting common is located.
Earlier crimson Might closes have additionally appeared throughout troublesome market phases, together with a 35.4% decline in Might 2021, a 15.9% decline in Might 2022, and a 7.10% decline in Might 2023. Leshka’s view is that 2026 might be part of that group if the present transfer fails on the prime of the ascending channel.
Featured picture from Getty Photographs, chart from Tradingview.com
