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via Cointelegraph · By Cointelegraph Staff
Bitcoin Analysts Debate ‘Sell in May’ Pattern
BTC
BTC/USDT
$63,160.00
+0.09%
$63,160.00
+0.09%
(24s)24h Volume
$2,847,579,612.11
24h H/L
$63,390.00 / $62,968.45
Change: $421.55 (0.67%)
Long/Short
68.7%
Long: 68.7%Short: 31.3%
Funding Rate
+0.0038%
Longs pay
Data provided by COINOTAG DATALive data
CS
Cointelegraph Staff(05:06 AM UTC)
1 min read
Crypto analysts are divided over whether markets will see a major Bitcoin sell-off in May, a pattern that has emerged in the last two bear markets during US mid-term election years.
In May 2018, Bitcoin crashed from nearly $10,000 to about $7,000 by the end of the month. It happened again in May 2022, when Bitcoin fell nearly 30% from about $40,000 to $28,500 before falling further in June…
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