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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

$63,100.90

+0.16%

$63,100.90

+0.16%

(24s)

24h Volume

$2,094,484,875.05

24h H/L

$63,175.00 / $62,968.45

Change: $206.55 (0.33%)

Long/Short

68.0%

Long: 68.0%Short: 32.0%

Funding Rate

+0.0033%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,067.02

▼ -0.03%

Volume (24h): -

Resistance Levels

Resistance 3$64,507.45

Resistance 2$63,879.31

Resistance 1$63,135.87

Price$63,067.02

Support 1$62,882.63

Support 2$61,814.38

Support 3$61,056.47

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):43.1

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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