Bitcoin’s attempted recovery has taken place return $80,000 for the first time since late January 2026, giving bulls reason to argue that the recent negative correction has passed. However, one crypto expert believes that the move is heading towards a level that will decide how May ends in BTC.
In a technical opinion shared on X, crypto analyst Leshka warned that Bitcoin is likely to close May in the red, pointing to the appearance of a bear flag shown on the daily chart.
Why Bitcoin Will Close May In The Red
Leshka’s opinion on Bitcoin depends on its value from the end of February. The daily candlestick chart shows BTC recovering within an uptrend, with the price rising from the $60,000 to $80,000 region at the time of writing. This recovery looks encouraging as the movement has seen Bitcoin post new lows and highs since the February low.
Collaborative Reading
However, Leshka they define the same system on the contrary. According to the analyst, the rising trend is the bear flag that is currently forming. A bear flag usually appears when the price moves higher in the order of the trend after a large decline, but then breaks below the order and continues to decline.
As shown in the chart below, the recent trend of Bitcoin shows a pressure on the upper limit of the upward trend, and this is close to the same place where the 200-day moving average is located. Interestingly, Bitcoin has gone seven months without closing every day above This moving average, and this makes it a big line between the recovery meeting and the definitive change.
At the time of writing, the 200 MA is around $82,000. The opinion here depends on the Bitcoin situation value depends on this level. The trend expected by the analyst shows that Bitcoin is making a final push against the resistance/200 MA confluence. before you go back down, lose the channel, and return to $58,000 to $56,000 in June.
BTC’s May Record Faces Big Test
Bitcoin is already up 7.11% year to date in May 2026. Bitcoin’s monthly returns show that May has generally been one of his powerful moon, with an average profit of 18.7% and an average return of 8.32% over the past years. The price of Bitcoin in May in the last two years was positive, when the cryptocurrency gained 11.1% in May 2024 and May 2025.
Collaborative Reading
The power of that history is what makes this prophecy interesting. The problem is that the rally is pushing into the area where the 200-day moving average is.
The red closing of May was also seen during difficult market times, including a decrease of 35.4% in May 2021, a 15.9% decrease in May 2022, and a 7.10% decrease in May 2023. Leshka’s opinion is that 2026 may join the group if this move fails above the upward trend.
Photo taken from Getty Images, chart from Tradingview.com
