IMG-LOGO

The selling came early this year?

lieutenantdan - 2024-04-17 20:33:54

Usually May is a bad month for Bitcoin, this year it's April


Will it now be sell in April and go away?


Very little chance that will happen, but it could be a down month.


Here's the data on monthly seasonality:


image.png


(Source: https://twitter.com/rovercrc/status/1780686921272078423/photo/1)


Usually May is down, this time it's April, and possibly May?!


We shall see…


To me it looks like the halving move is pretty much off the table.


Now we have to wait for the post halving move, which often takes several months to begin.


Which means we could be looking to June July August before we really start going up again.