← Benjamin Cowen

Bitcoin Breaks the May High (I Was Wrong)

2026-09-21

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2 min read

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BTC has broken the May high, invalidating the prior call that it could not do so. Price has also accepted above the 50-week level and pushed to 85,815, while a July buy window below 0.3 risk lasted only about 5 days. The surprise is not the move itself but that taking out the May high was not expected for 2026.

  • BTC has clearly taken out the May high, reversing the earlier view that it would not.
  • BTC has accepted above the 50-week level.
  • BTC is extended to almost 86,000, with the cited price at 85,815.
  • A July Bitcoin buying strategy below 0.3 risk existed, but the window lasted only about 5 days.
  • Breaking the May high was not on the 2026 bingo card.
  • The prior assessment was that BTC could not take out the May high; that call is now wrong.
  • The move above the May high comes alongside BTC holding above the 50-week level, not just a brief intraday spike.
  • The run to 85,815 puts BTC near 86,000 after the May-high breakout.
  • The short 5-day July low-risk entry window implies the favorable buy setup was fleeting.
  • The key inflection in the video is BTC’s breakout beyond the May high after being written off for 2026.