Why Sell In May Might Not Work This Time For Bitcoin

Why Sell In May Might Not Work This Time For Bitcoin

Bitcoin pushes up on the last day as the market prepares for the upcoming speech from the U.S. Federal Reserve (FED) Chairman Jerome Powell. Despite the recent gains, the general sentiment in the crypto market remains bearish.

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At the time of writing, Bitcoin trades at $38,800 with a 1.5% profit in the last 24-hours.

BTC moving sideways on the 4-hour chart. Source: BTCUSD Tradingview

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The first cryptocurrency by market cap could surprise market participants. Some operators have started predicting a massive crash ahead of Powell’s intervention.

The old market adagio “Sell in May and go away” seems more present than ever as the sentiment turns fully

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