Seasonality
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šSeasonal dynamics of major crypto assets for May.
šŖBitcoin - for bitcoin, May was a good month and closed 64% of the time in the plus side, with an average return of 11.5%
šŖEthereum - for ether, the month closed historically above the open in 56% of cases, with an average return of 38.5%.
I remember a few major market crashes in May, but we were at the highs then, at this point the market has started to rise, but after a 70-80% crash it's dust. Ideally, I would like to see bitcoin sticking near 100K in May and a gradual decline in dominance, to transfer some liquidity to ether and alta. What do you think awaits us in May?
#Seasonality $BTC $ETH
šŖBitcoin - for bitcoin, May was a good month and closed 64% of the time in the plus side, with an average return of 11.5%
šŖEthereum - for ether, the month closed historically above the open in 56% of cases, with an average return of 38.5%.
I remember a few major market crashes in May, but we were at the highs then, at this point the market has started to rise, but after a 70-80% crash it's dust. Ideally, I would like to see bitcoin sticking near 100K in May and a gradual decline in dominance, to transfer some liquidity to ether and alta. What do you think awaits us in May?
#Seasonality $BTC $ETH
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