TechFlow News, May 18: According to a Cointelegraph report, cryptocurrency analysts are divided on whether Bitcoin will reenact the historical “Sell in May” pattern in 2026. In two midterm election years—2018 and 2022—Bitcoin experienced sharp declines in May, falling approximately 30% and 70%, respectively. Analyst Merlijn Enkelaar warned that this historical pattern may repeat itself, potentially driving Bitcoin’s price down to $33,000.
Joao Wedson, CEO of Alphractal, also noted that if Bitcoin remains persistently below $78,000, the likelihood of a new capitulation phase increases.
However, Jeff Ko, Chief Analyst at CoinEx, argued that past crashes stemmed from specific shocks—including the Mt. Gox incident, China’s ICO regulatory crackdown, the Federal Reserve’s monetary tightening, and the collapses of Terra and FTX—not from calendar-based seasonality. He added that the launch of spot ETFs, corporate treasury allocations, and progress on the CLARITY Act have significantly broadened the institutional buyer base, making a 70–80% deep correction unlikely this cycle.
Analyst Michaël van de Poppe highlighted that $76,000 is currently a critical support level; a break below it would likely trigger further downward pressure.
