"Sell in May and go away" does not apply to Bitcoin?
Despite the old saying from traditional markets, the data indicates that Bitcoin may defy seasonal logic. Based on on-chain metrics and macroeconomic fundamentals, Bitcoin still has room to grow, and leaving now could be a strategic mistake.
The MVRV Z-Score metric shows that Bitcoin is far from extreme valuation levels and remains healthy. This indicates that, even with the recent rise, the asset may continue to climb before reaching the peak of the current cycle, expected in October or later.
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