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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

$63,006.17

-2.10%

$63,006.17

-2.10%

(24s)

24h Volume

$18,138,345,874.11

24h H/L

$65,622.83 / $62,568.90

Change: $3,053.93 (4.88%)

Long/Short

66.7%

Long: 66.7%Short: 33.3%

Funding Rate

+0.0006%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,043.45

▼ -1.53%

Volume (24h): -

Resistance Levels

Resistance 3$68,191.60

Resistance 2$65,694.34

Resistance 1$63,976.31

Price$63,043.45

Support 1$62,294.26

Support 2$60,996.14

Support 3$59,130.91

Pivot (PP):$63,295.91

Trend:Downtrend

RSI (14):38.2

Cointelegraph Staff

(02:14 PM UTC)

1 min read

Approved byDavid Kim

748 views

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…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

Cointelegraph Staff · Cointelegraph

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