Analyst Says Bitcoin Is Set To Close This Month In | Crypto News
Bitcoin’s recovery attempt has carried it back above $80,000 for the first time since late January 2026, giving bulls a purpose to argue that the worst of the current correction has handed. However, one crypto analyst believes the transfer is operating instantly into the extent that might resolve how May ends for BTC.
In a technical outlook shared on X, crypto analyst Leshka warned that Bitcoin is probably going to close May in the purple, pointing to a bear flag construction enjoying out on the daily chart.
Why Bitcoin Will Close May In Red
Leshka’s outlook on Bitcoin is based on its price motion since the February dump. The daily candlestick timeframe chart exhibits BTC recovering inside an ascending channel, with price grinding larger from the $60,000 area into the $80,000 vary at the time of writing. This recovery seems to be constructive because the motion has triggered Bitcoin to print larger lows and larger highs since the February low.
However, Leshka interprets the same construction otherwise. According to the analyst, the rising channel is a bear flag at present in formation. A bear flag normally seems when price bounces upward in a managed channel after a major drop, only to later break below the construction and continue decrease.
As shown in the chart below, Bitcoin’s current advance is shown urgent on the higher boundary of the ascending channel, and this is around the same space where the 200-day shifting average is situated. Interestingly, Bitcoin has gone seven months without a daily close above this shifting average, and this makes it a major line between a recovery rally and a confirmed pattern reversal.
At the time of writing, the 200 MA is around $82,000. The outlook right here relies upon on how the Bitcoin price reacts to this stage. The projected bearish path proposed by the analyst exhibits Bitcoin making one ultimate push into the resistance/200 MA confluence before reversing decrease, shedding the channel, and falling back to the $58,000 to $56,000 vary by June.
BTC’s May Record Faces A Major Test
Bitcoin is already up 7.11% so far in May 2026. Bitcoin’s month-to-month return desk exhibits that May has often been one of its stronger months, with an average gain of 18.7% and a median return of 8.32% across earlier years. Bitcoin’s price motion for May in the last two years was optimistic, with the cryptocurrency gaining 11.1% in both May 2024 and May 2025.
That historic strength is what makes this prediction more attention-grabbing. The downside is that the rally is now urgent into the precise resistance zone where the 200-day shifting average is located.
Previous purple May closes have also appeared during troublesome market phases, including a 35.4% decline in May 2021, a 15.9% decline in May 2022, and a 7.10% decline in May 2023. Leshka’s view is that 2026 might be part of that group if the current transfer fails at the top of the ascending channel.
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