Bitcoin’s recovery attempt has carried it back above $80,000 for the first 
time since late January 2026, giving bulls a reason to argue that the worst of 
the recent correction has passed. However, one crypto analyst believes the 
move is running directly into the level that could decide how May ends for 
BTC. In a technical outlook shared on X, crypto analyst Leshka warned that 
Bitcoin is likely to close May in the red, pointing to a bear flag structure 
playing out on the daily chart. Why Bitcoin Will Close May In Red Leshka’s 
outlook on Bitcoin is based on its price action since the February dump. The 
daily candlestick timeframe chart shows BTC recovering inside an ascending 
channel, with price grinding higher from the $60,000 region into the $80,000 
range at the time of writing. This recovery looks constructive because the 
movement has caused Bitcoin to print higher lows and higher highs since the 
February low. Related Reading: Bitcoin Crash Is Coming: Pundit Says It’s Time 
To Sell All Your BTC However, Leshka interprets the same structure 
differently. According to the analyst, the rising channel is a bear flag 
currently in formation. A bear flag usually appears when price bounces upward 
in a controlled channel after a major drop, only to later break below the 
structure and continue lower. As shown in the chart below, Bitcoin’s recent 
advance is shown pressing on the upper boundary of the ascending channel, and 
this is around the same area where the 200-day moving average is located. 
Interestingly, Bitcoin has gone seven months without a daily close above this 
moving average, and this makes it a major line between a recovery rally and a 
confirmed trend reversal. At the time of writing, the 200 MA is around 
$82,000. The outlook here depends on how the Bitcoin price reacts to this 
level. The projected bearish path proposed by the analyst shows Bitcoin making 
one final push into the resistance/200 MA confluence before reversing lower, 
losing the channel, and falling back to the $58,000 to $56,000 range by June. 
BTC’s May Record Faces A Major Test Bitcoin is already up 7.11% so far in May 
2026. Bitcoin&#8217;s monthly return table shows 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 previous years. Bitcoin&#8217;s price action for May in the last two years 
was positive, with the cryptocurrency gaining 11.1% in both May 2024 and May 
2025. Related Reading: Analyst Reveals Bitcoin Big Picture, Predicts 50% Crash 
By EOY That historical strength is what makes this prediction more 
interesting. The problem is that the rally is now pressing into the exact 
resistance zone where the 200-day moving average is situated. Previous red May 
closes have also appeared during difficult 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 could join that group if the current move 
fails at the top of the ascending channel. Featured image from Getty Images, 
chart from Tradingview.com

Analyst Says Bitcoin Is Set To Close This Month In The Red, Here’s Why

In 2026, choosing where to deposit in DeFi starts with a question that audits 
and total value locked (TVL) leave unresolved: what breaks under stress? That 
is the shift behind any serious trust check this year. A Q1 2026 security 
report counted $482 million stolen across 44 incidents and said six audited 
protocols were still […]
The post How to choose a safe DeFi platform before you deposit in 2026 
appeared first on CryptoSlate.

How to choose a safe DeFi platform before you deposit in 2026

This sponsored press release was provided by Teamz Summit 2026 and was not 
written by Bitcoin.com News. Bitcoin.com News does not necessarily endorse the 
statements made within this announcement. PRESS RELEASE. Tokyo, Japan – May 
2026. TEAMZ Inc. has confirmed that TEAMZ Summit will return in 2027, 
following the conclusion of TEAMZ Summit 2026 – […]

TEAMZ Summit Returns in 2027 Following Landmark Tokyo Edition

RootData data shows CeFi raised about $606 million across 8 deals, 
infrastructure $105 million across 14, and DeFi $90 million. CeFi 
concentration and sector breakdown According to April data from Web3 analytics 
platform RootData, the disclosed total raised in the crypto…

CeFi drives $860 million in April crypto fundraising as prediction and AI bets spread

Hut 8 stock surged 35% after the company secured a $9.8B AI data center lease 
for its Beacon Point campus in Texas.
The post Hut 8 stock nears 35% surge after $9.8B AI data center lease appeared 
first on Crypto Briefing.

Hut 8 stock nears 35% surge after $9.8B AI data center lease

Following a $300 million exploit on April 18, 2026, KelpDAO has publicly 
challenged LayerZero Labs’ account of the incident, alleging that the bridge 
provider is deflecting blame for its own infrastructure failures. The Dispute 
Over Network Configuration KelpDAO has issued a blistering response to 
Layerzero Labs following an April 18 exploit that drained more than […]

Analyst Says Bitcoin Is Set To Close This Month In The Red, Here’s Why

Comments