May risks in the Bitcoin market: what are analysts expecting?
Crypto analysts have mixed opinions regarding the potential for a sharp decline in the Bitcoin market in May. The "sell in May" strategy, observed during the previous two "bear" markets that coincided with US midterm election years, is worrying investors. Specifically, in 2018 and 2022, the price of Bitcoin fell significantly in May. This is reported by Cointelegraph.com .
Analyst Merlijn Enkelaar warned that since 2026 is also a midterm election year, the historical pattern could repeat. He believes that despite positive legislative initiatives and political changes, there is a risk that the Bitcoin price could drop to the 33,000 USD level.
Alphractal founder Joao Wedson emphasized that if Bitcoin remains below the 78,000 USD level, there is a high probability of a new capitulation phase beginning. Currently, Bitcoin is trading around 76,900 USD and has depreciated by 5.6% over the last seven days.
CoinEx chief analyst Jeff Ko noted that the market structure has fundamentally changed. According to him, spot ETFs, corporate investments, and a new legislative framework may protect Bitcoin from sharp 70-80% crashes as seen in the past.
