Community Articles

via Cointelegraph · By Cointelegraph Staff

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

BTC

BTC/USDT

$79,724.33

+0.06%

$79,724.33

+0.06%

(24s)

24h Volume

$6,084,034,628.87

24h H/L

$80,200.00 / $79,442.00

Change: $758.00 (0.95%)

Long/Short

52.8%

Long: 52.8%Short: 47.2%

Funding Rate

+0.0013%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,747.52

▲ 0.11%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$82,683.92

Resistance 1$80,878.72

Price$79,747.52

Support 1$79,635.96

Support 2$76,187.99

Support 3$74,131.55

Pivot (PP):$79,916.17

Trend:Sideways

RSI (14):66.6

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…

Add COINOTAG as a Preferred Source

Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.

Add on Google

Source

Cointelegraph Staff · Cointelegraph

Read original →

Live BTC price →More BTC news →

Comments