# Trend Analysis Articoli collegati

Bitcoin Monthly Structure Signals Continuation Of Major Historical Trend

Bitcoin's long-term price pattern on the monthly chart suggests a continuation of a major historical trend, indicating a potentially positive close for May. Historical data shows that when BTC trades above its monthly open by mid-month, it closes positively about 77% of the time. May is currently positioned for this outcome, which would mark three consecutive green monthly candles—a pattern not seen in prior bear markets. While short-term volatility persists with Bitcoin retesting key support levels, analysts note the recent downside was driven more by long liquidations than strong selling pressure. The emergence of trapped short positions at local lows could fuel a move higher if aggressive buying materializes, forcing short coverings. For sustained upside, Bitcoin needs to hold above critical moving averages, though the broader macro trend remains cautious as long as it respects a pattern of lower highs.

bitcoinist05/16 14:31