Crypto analyst Max has cited historical data to provide insight into what the future could hold for Bitcoin, noting that it has closed in the green for two consecutive monthly candles. Based on this historical data, BTC could be headed for a red month, unless it is this bear cycle turns out to be different.
Bitcoin is expected to close in the red this month after two monthly green candles
In one X messageMax stated that there has never been a bear market in which Bitcoin printed more than two consecutive monthly candles. He noticed that BTC is closed in March and April in green, with gains of 2% and 12% respectively. The analyst therefore noted that this month will likely end in the red unless this cycle is different from all previous ones.
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Max also mentioned that additional downsides remain given the increased likelihood of May being a historically weak month and having a large amount of liquidity underneath it. However, it’s worth noting that Bitcoin is already up nearly 6% this month, rising to a multi-month high of $81,000 today. This has created optimism the bull market may be back and BTC is aiming for new highs.
The analyst comment on the current Bitcoin price action, indicating that it is still bearish despite the recent rally. He noticed that on the first two attempts to break above the resistance at $79,000a clear rejection followed. Now, on this third attempt, the price has managed to break above the resistance 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 fake-out and liquidity grab. He added that there is a good chance that BTC will hit the next untouched lows if the price continues to find acceptance below $79,000.
How BTC Could Reach $94,000
Crypto analyst Ali Martínez predicted it 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 main psychological and structural barrier. The analyst added that a clean daily close above this hurdle could pave the way for one macro expansion towards $89,000with a secondary goal of $94,000.
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Martinez also noted that Bitcoin continues to show structural strength, with its price up 15% after a bullish run MACD crossover on the weekly chart on April 13. He added that this particular weekly crossover has historically been an important signal for defining multi-month trends. Notably, this crossover led to rallies of 147%, 75%, and 35% in 2023, 2024, and 2025, respectively.
At the time of writing, the Bitcoin price is trading around $81,000, up in the past 24 hours. facts from CoinMarketCap.
Featured image from Pixabay, chart from Tradingview.com