According to market habits, people usually look to sell off in May, similar to May 2021 bringing the BTC price to 29K. I don't expect much on BTC's upside potential in 2022, BTC might have a rally, but not in May. I fear BTC will be slightly below 30K this month.
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Will the month of May be better for Bitcoin?
I never expected that the month of April would be a little bit of a bloodbath for Bitcoin...and now that May is just starting Bitcoin is still at the $38K level with some predicting that it can go even lower before it would be making a dramatic recovery towards the $45K zone. We are all then hoping that the month of May there will be more hope and excitement for Bitcoin...nevertheless many institutional buyers and whales can be celebrating as they take advantage of the dip for possible big profits months from now.