Is “Sell in May” Still a Thing for Bitcoin...

[joniboini]

I think most of them are self-fulfilling prophecies, to be honest, which means if the majority of the market still believes in it, it will happen regardless of the macro/microeconomic situation. Heck, some of them might analyze and try to fit any narrative to support it, even though it is not related at all.

Personally, I'd prepare for any outcome based on the chart. It isn't like you can prepare for both situations weeks before the supposed "destined" date happens. If you're a long-term holder who regularly buys or do DCA, though, I guess it doesn't matter since you'll still buy regardless of market situation. CMIIW.

[LogitechMouse]

Correct me on this one, but the phrase "Sell in May, and go away" mostly applies on traditional markets like the Stock Market. It hasn't been applied on crypto yet but looking at the price movement of Bitcoin during the month of May in history, the total average is around 8% with a median of 9% which means it's still giving positive returns.

Maybe most investors are doing the opposite of what most are saying and while most really are selling based on the phrase, many are buying Bitcoin at a much lower price. Over the years, that phrase will not be a thing anymore because many will learn that instead of doing what most are doing, do the opposite and instead of selling, go buy instead. That might be what's happening right now TBH with Bitcoin that's why we are seeing a huge price spike.

[albon]

Looking at the current market trend, it is clear that Bitcoin is still bullish and is able to maintain its bullish trend for a while, which means more profit for holders. Although people already in profit might have sold or are tempted to sell but I will watch and see how it goes for the time being, as a new all-time high is imminent.

Everyone has new speculations about bitcoin because bitcoin is the only coin from which people can easily make a big profit. Experts are giving different opinions on this bitcoin pump, but i think this is a new plan by investors and this demand for bitcoin could yield good results. Also, after the us communication the china ministry of commerce has indicated openness to discussions. This has led to increased risk taking in various markets, including cryptocurrency. However, there may be another possibility that bitcoin ongoing price rise is part of its traditional downtrend, which is a classic bullish reversal pattern.

[Cryptsafe]

Looking at the current market trend, it is clear that Bitcoin is still bullish and is able to maintain its bullish trend for a while, which means more profit for holders. Although people already in profit might have sold or are tempted to sell but I will watch and see how it goes for the time being, as a new all-time high is imminent.

This bullish movement of Bitcoin was expected. Although the price of Bitcoin has been in a downward trend for a long time, it is now gradually moving towards new highs. We may see another new high in the short term, but investors have not yet built that confidence. Some of them are seeing a trend of increasing the price of Bitcoin for the long term. Experienced traders are collecting it without fear, and some of those who are afraid are also selling. Those who have long-term plans will definitely give importance to its accumulation, not the price.

I assume that should be the situation, as every investor would actually do what pleases them most, as the price of bitcoin looks good now. For quite some time after the new all-time high was achieved, the correction that came was a bit lengthy for this period, and currently, it is evidently clear that it is heading towards achieving a new all time high although its a speculation for the now but it could be a reality though and just like I said, a new all time high is imminent.

Looking at the current market trend, it is clear that Bitcoin is still bullish and is able to maintain its bullish trend for a while, which means more profit for holders. Although people already in profit might have sold or are tempted to sell but I will watch and see how it goes for the time being, as a new all-time high is imminent.

Everyone has new speculations about bitcoin because bitcoin is the only coin from which people can easily make a big profit. Experts are giving different opinions on this bitcoin pump, but i think this is a new plan by investors and this demand for bitcoin could yield good results. Also, after the us communication the china ministry of commerce has indicated openness to discussions. This has led to increased risk taking in various markets, including cryptocurrency. However, there may be another possibility that bitcoin ongoing price rise is part of its traditional downtrend, which is a classic bullish reversal pattern.

It is not a new thing that there is always speculation with respect to the BTC market price, and that is amongst what gives investors a direction or guide to the projected price of bitcoin in the future, which is based on prediction or assumption. Yes, demand is another factor that could drive the price of Bitcoin high, based on what you have said. These are the factors investors look at whenever they have plans to get into the market. However, some likely are market manipulation, but all the same, the market still exists, and whoever wants to take a position is free to do so at any given point in time.

[|MINER|]

Even now that the market started in May, Bitcoin managed to reach $100k and is currently still holding at $103k assuming that the new ATH will be reached soon no Bitcoin price still remains above $100k.

The next ATH will be the determinant that bitcoin will reach a higher level, Many people predict that the ATH will reach $120k so that May will be the beginning of a new ATH to be reached, so there are still plenty of opportunities to enter. DWYOR

Bitcoin has been pumping continuously, and in the meantime, we have not seen a small market correction of two or three thousand or even a little more than that, but it has not happened yet.

So I think Bitcoin will make this kind of move in the next two or three days and end the month of May like this and then we might see a new all-time high.
And yes, if we see a new all-time high price in 1 or 2 months, then that would definitely be very soon.