Bitcoin Sell-Off in May? Seasonal Weakness Concerns

Is Bitcoin headed for a May sell-off? CoinDesk reports concerns based on the Wall Street adage, "Sell in May and Go Away," suggesting potential seasonal weakness in BTC. Historically, US stocks underperform between May and October. Bitcoin seems to mirror this trend. In May 2021, BTC plummeted 35%, followed by a 15% drop in May 2022. While recent bullish momentum aims to breach the $100,000 mark, investors are wary. The potential for seasonal dips, coupled with sluggish US GDP growth, creates a cautious atmosphere. Some analysts predict continued Bitcoin gains through Q2, anticipating a correction in Q3. Will history repeat itself, or can Bitcoin defy the May sell-off this year? ```