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via Cointelegraph · By Cointelegraph Staff
Bitcoin Analysts Debate ‘Sell in May’ Pattern
BTCBTC · Live data
$83,122 +0.65%
- 24h Volume$25.59B
- 24h Low / High$80,394 / $83,529
- Long/Short1.61
- Funding Rate+0.0038%
Data provided by COINOTAG DATA
Bitcoin
BTC · Daily (1D)$83,110.01+1.66%
Volume (24h)-
Bitcoin Resistances
Resistance 1$84,433.46BB Middle, Fibo 0.114+6
Resistance 2$87,473.73BB Upper, Fibo 0.000+6
Bitcoin Supports
Support 1$80,919.58BB Lower, SMA 50+9
Support 2$79,767.58EMA 50, S1+11
Pivot point (PP)$81,889.72
Trend (1D)Uptrend
Bitcoin Fibonacci Retracement
61.8%$70,210.53
50%$73,491.83
38.2%$76,773.14
RSI (14)52.0
Bitcoin technical analysis and outlook
Daily (1D) · Data provided by COINOTAG 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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