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via Cointelegraph · By Cointelegraph Staff

Bitcoin Risks 10% Drop in a Month as 'Sell in May and Go Way' Mood Returns

BTC

BTC/USDT

$84,212.00

-0.36%

$84,212.00

-0.36%

(24s)

24h Volume

$15,107,699,010.13

24h H/L

$85,255.00 / $83,183.00

Change: $2,072.00 (2.49%)

Long/Short

58.1%

Long: 58.1%Short: 41.9%

Funding Rate

+0.0002%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$84,056.77

▼ -0.05%

Volume (24h): -

Resistance Levels

Resistance 3$87,335.96

Resistance 2$85,667.07

Resistance 1$84,123.41

Price$84,056.77

Support 1$84,021.79

Support 2$80,169.72

Support 3$77,064.96

Pivot (PP):$84,179.33

Trend:Uptrend

RSI (14):64.1

Cointelegraph Staff

(02:14 PM UTC)

1 min read

Approved byDavid Kim

0 comments

Bitcoin (BTC) may be flashing a “sell in May and go away” warning, with the price down roughly 10% after rejecting resistance near $83,000 and now on track for a negative monthly close.

BTC/USD daily price chart. Source: TradingView

Key takeaways:

BTC's average returns a month after a red May are -10%
Patient Bitcoin holders still generated positive returns over the longer term.

Bitcoin's red May…

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Source

Cointelegraph Staff · Cointelegraph

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