$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) do not tend to perform as well 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 Mays, you will see it has been a bit of a roller coaster: sometimes well, but other times it has dropped significantly. The month of June after a weak May often isn't great either.
The point is that, although Bitcoin is different from traditional stock markets, more and more people and big money are entering, which makes it resemble more how things move in the "normal" financial world.
So, although 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 make more people sell and the price 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 tend to be weaker than the end of the year. So, although the goal of $100k is still there, one must be alert and not get too comfortable with the "rule" of "selling in May." 👍😉