Bitcoin Closes 2 Green Monthly Candles: Here’s What Historical Data Says Is Coming Next

NewsBTCMay 5, 2026 12:00 PM

View all comments（0）



Crypto analyst Max has cited historical data to provide insights into what could be next for Bitcoin, noting that it has closed two consecutive monthly candles in the green. Based on this historical data, BTC may be heading for a red month, except if this bear cycle turns out to be different.

Bitcoin Expected To Close This Month In The Red After Two Monthly Green Candles

In an X post, Max stated that there has never been a bear market where Bitcoin printed more than two consecutive monthly candles. He noted that BTC closed March and April in the green, with gains of 2% and 12%, respectively. As such, the analyst remarked that this month is likely to close red unless this cycle is different from every previous one.

Max also mentioned that further downside remains, given the higher probability that May is a historically weak month and a large amount of liquidity is sitting below. However, it is worth noting that Bitcoin is already up almost 6% this month, rising to a multi-month high of $81,000 today. This has provided optimism that the bull market may be back with BTC targeting new highs.

The analyst commented on the current Bitcoin price action, indicating that it is still bearish despite the recent rally. He noted that on the first two attempts to break above the $79,000 resistance, a clear rejection followed. Now, on this third attempt, price has managed to break above but quickly lost momentum and closed back below the resistance.

In line with this, Max opined that Bitcoin’s current price action looks like a typical fakeout and liquidity grab. He added that there is a high chance BTC will sweep the untouched lows next if price continues to find acceptance below $79,000.

How BTC Could Reach $94,000

Crypto analyst Ali Martinez predicted that Bitcoin could reach $94,000 on this rally. He noted that on the daily chart, BTC is approaching the 200 SMA at $83,000, which is the most significant psychological and structural barrier. The analyst added that a clean daily close above this hurdle could clear the path for a macro expansion toward $89,000, with a secondary target at $94,000.

Martinez also noted that Bitcoin continues to show structural strength, with a 15% price increase following a bullish MACD crossover on the weekly chart on April 13. He added that historically, this specific weekly crossover has been a premier signal for defining multi-month trends. Notably, this crossover led to 147%, 75%, and 35% rallies in 2023, 2024, and 2025, respectively.

At the time of writing, the Bitcoin price is trading at around $81,000, up in the last 24 hours, according to data from CoinMarketCap.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

SpaceX IPO Makes History, But Breaks Below Offer Price a Month Later, What Should Investors Watch in the Coming Months?

TradingKey - On June 12, 2026, Eastern Time, SpaceX (SPCX) listed on the Nasdaq at $135 per share with a base fundraising size of approximately $75 billion, setting a new global IPO record.

S&P 500 Index Forecast: Meta, Microsoft, Alphabet and Other Companies Continue Increasing AI Investment, May Support Index Surpassing 8,000 in Second Half of 2026

TradingKey - The S&P 500 index has recently experienced volatility at high levels. As of the U.S. market close on July 16, the S&P 500 index stood at 7,533.77 points, falling 0.51% on the day. Despite the short-term pullback, technical indicators suggest the medium-to-long-term bullish trend remains intact, and institutions continue to hold a positive outlook for the future of the S&P 500.

Apple Hits Record High, Market Cap Surges to $4.9 Trillion: Why Full-Year Gains Lead the Mag 7?

TradingKey - Against the backdrop of a general pullback in the AI sector, Apple (AAPL) has staged an independent rally, driven by its unique ecosystem moat and robust financial performance. After reaching an all-time high of $323.45 on July 13, the share price hit another record high of $327.5 on July 15. Its market capitalization currently stands at $4.81 trillion, making it the second-largest company in the U.S. by market value as it approaches the epic $5 trillion milestone, trailing only Nvidia (NVDA) at $5.13 trillion. In fact, Apple's year-to-date gain in 2026 has reached 16%, also leading the "Mag 7."

SpaceX Negotiates Multi-Billion Dollar Computing Power Deal With Pentagon: Stock Price Drop Does Not Change Wall Street’s Bullish Expectations

Tradingkey - The Wall Street Journal reported that SpaceX (SPCX) is in negotiations with the U.S. Department of Defense to sell computing power. The deal could be valued at billions of dollars, and if finalized, would mark the latest major infrastructure contract for Elon Musk’s integrated rocket, satellite, and artificial intelligence conglomerate. The report noted that the partnership model for this deal is similar to previous agreements SpaceX reached with Alphabet’s Google (GOOGL) and AI firm Anthropic. The negotiations come as the U.S. military seeks to construct data centers within its military bases to bolster its autonomous computing capabilities.

Micron Stock Price Prediction: MU Breaks $898 Support as Memory Boom Faces Capacity Risk

Micron posted record fiscal Q3 revenue of $41.46 billion and guided for $50 billion in Q4 sales, but MU has broken below $897.80 support as investors assess capacity growth and peak memory margins.

Featured Tools