Bitcoin has logged gains in May in seven out of the past 11 years. Report by godbole17
It's that time of the year again when investors wonder,"should I sell in May and go away." The famous traditional market adage may not apply to bitcoin , according to seasonality analysis.
Historically, May has been the fourth-best month for the cryptocurrency, averaging 289% gains over 11 years. "The average rise was 27%, and the average decline was 16%. Under these scenarios, the estimated average range for BTC at the end of May is between $32,000 and $48,000," Kuptsikevich added.
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