- Bitcoin may be nearing a short-term bottom based on 2026 trends.
- Analysts identify $78,000 as the critical level for trend reversal.
- Bearish higher-timeframe indicators continue to favor sellers.
Bitcoin remains under pressure after another month-end decline, yet some analysts believe the current weakness could soon give way to a recovery. At press time, Bitcoin traded at $73,446.56, up 0.28% over the past 24 hours. Market watchers are closely monitoring whether Bitcoin can establish a bottom before June while overcoming a major resistance level that continues to define the broader trend.
Bitcoin Follows Familiar Monthly Pattern Into Month End
According to analyst Michaël van de Poppe, Bitcoin has repeatedly followed a similar pattern throughout 2026. The asset often rallies during the first half of the month before losing momentum and declining into the end of the month.
May appears to be following the same script. While Bitcoin weakened in recent sessions, several altcoins showed relative strength and continued posting gains. This divergence has sparked discussion about capital rotation within the crypto market.
Van de Poppe believes the market could form a local bottom within days. If historical behavior repeats, Bitcoin may attempt a recovery toward the $77,000 region during June.
Bitcoin Must Reclaim 78K to Shift Market Structure
The most important level on the chart remains $78,000. Analysts argue that Bitcoin needs a sustained close above this threshold rather than a temporary breakout.
Current price action still reflects a sequence of lower highs and lower lows. The weekly chart remains below the 21-week exponential moving average, while the daily Relative Strength Index continues trending downward. Momentum indicators on higher timeframes also remain bearish.
Market liquidity adds another layer to the setup. Data suggests roughly $70 million in liquidity sits below current prices, while a similar amount is concentrated near the $78,000 area. These zones could attract short-term volatility.
Declining trading volume during the recent sell-off may support a relief bounce. Yet analysts stress that any rebound below Bitcoin’s key resistance would remain a countertrend move rather than a confirmed reversal.
One analyst maintains a bearish position targeting $65,000, planning to reduce exposure gradually at major support levels below current prices.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
