Bitcoin Risks 10% Drop in a Month as 'Sell in May and Go Way' Mood Returns
Cointelegraph
Bitcoin faces potential short-term declines as historical data suggests May losses often lead to weak summer performance for the cryptocurrency.Summary
Bitcoin is experiencing a "sell in May and go away" trend, with historical data indicating that a negative May often results in an average 10% drop over the following month. While short-term outlooks remain cautious for the summer, long-term investors generally see recovery in later months. The article notes that while current price levels remain above critical support zones, a sustained decline below $60,000 could signal a shift toward a more significant bear market structure.
(Source：Cointelegraph)