Crypto analyst Max cited historical data to provide insight into Bitcoin’s future, noting that it has closed two consecutive monthly candles in the green. Based on this historical data, BTC may be heading towards a red month, unless this bear cycle it turns out otherwise.
Bitcoin is expected to close this month in the red after two monthly green candles
In Post XMax stated that there has never been a bear market where Bitcoin printed more than two consecutive monthly candles. He noticed it BTC was closed in March and April in green, with increases of 2% and 12% respectively. As such, the analyst noted that this month is likely to close in the red unless this cycle is different from all previous ones.
Max also mentioned that further decline persists given the greater likelihood of May being a historically feeble month and that there is a huge amount of liquidity below. However, it is worth noting that Bitcoin has already increased by almost 6% this month, reaching a multi-month high of $81,000 today. This makes me hopeful bull market could come back with BTC targeting modern highs.
The – commented the analyst on Bitcoin’s current price action, indicating that despite the recent rally, it is still bearish. He noticed that on the first two attempts to break through above $79,000 resistancethere was a clear rejection. Now, on the third attempt, the price managed to break above, but quickly lost momentum and fell below the resistance again.
In line with this, Max opined that Bitcoin’s current price action looks like a typical scam and liquidity grab. He added that there is a good chance that BTC will hit untouched lows next if the price continues to be accepted below $79,000.
How BTC Can Reach $94,000
Cryptocurrency analyst Ali Martinez predicted that Bitcoin could reach $94,000 during this rally. He noted that on the daily chart, BTC is approaching the 200 SMA at $83,000, which is the most vital psychological and structural barrier. The analyst added that a immaculate daily close above this hurdle could open the way for: macro expansion towards $89,000with a secondary goal of $94,000.
Martinez also noted that Bitcoin continues to show structural strength, with a 15% price gain following the rally MACD crossing on the weekly chart on April 13. He added that historically, this particular weekly intersection was the primary signal for determining multi-month trends. Notably, this intersection led to increases of 147%, 75%, and 35% in 2023, 2024, and 2025, respectively.
At the time of writing, Bitcoin is trading at around $81,000, having risen over the past 24 hours, according to data from CoinMarketCap.
Featured image from Pixabay, chart from Tradingview.com
