Bitcoin's recent performance has been marred by a steady decline in price, with the cryptocurrency trading at $75,484 on May 22, 2026. This marks a 2.66% decrease from the previous day's closing price.
The bearish trend is attributed to the formation of a Head and Shoulders pattern on the weekly chart, which suggests an impending reversal of the price gains accumulated in 2024 and 2025. The pattern has been confirmed by a retest of the $68,000 neckline and rejection at the 26-period exponential moving average (EMA).
Leshka.eth, a market expert, warns that this bearish signal could trigger a major downswing, potentially leading to a price crash to around $44,000 in a measured move. This would align with the next significant support level below the neckline.