$BTC has risen quite a bit lately and people are getting excited, thinking it could reach $100,000.
But be careful, 👀 May is coming. And there is an old saying in the stock market that goes "Sell in May and go away." Why? Because historically, markets (stocks and lately also Bitcoin) tend to perform poorly between May and October. It's as if they slow down a bit or even retreat.
If you look at how Bitcoin has performed in other months of May, you will see that it has been a bit of a roller coaster: sometimes well, but other times it has dropped sharply. June after a weak May is also usually not great.
The point is that, although Bitcoin is different from traditional stock markets, more and more people and big money are entering, and that makes it resemble more how things move in the "normal" financial world.
So, while it's not a rule written in stone, the idea that May is a month to be cautious exists. And sometimes, just the fact that people think that can lead more people to sell and the price to drop. It’s as if the prophecy is fulfilled simply because people pay attention to it.
🔸there is optimism for Bitcoin, but history says that May and summer months are usually weaker than the end of the year. So, while the goal of $100k is still there, one must stay alert and not get too complacent because of the "rule" of "sell in May." 👍😉
But be careful, 👀 May is coming. And there is an old saying in the stock market that goes "Sell in May and go away." Why? Because historically, markets (stocks and lately also Bitcoin) tend to perform poorly between May and October. It's as if they slow down a bit or even retreat.
If you look at how Bitcoin has performed in other months of May, you will see that it has been a bit of a roller coaster: sometimes well, but other times it has dropped sharply. June after a weak May is also usually not great.
The point is that, although Bitcoin is different from traditional stock markets, more and more people and big money are entering, and that makes it resemble more how things move in the "normal" financial world.
So, while it's not a rule written in stone, the idea that May is a month to be cautious exists. And sometimes, just the fact that people think that can lead more people to sell and the price to drop. It’s as if the prophecy is fulfilled simply because people pay attention to it.
🔸there is optimism for Bitcoin, but history says that May and summer months are usually weaker than the end of the year. So, while the goal of $100k is still there, one must stay alert and not get too complacent because of the "rule" of "sell in May." 👍😉
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