Bitcoin to See ‘Sell in May Effect’ in Coming Months: CryptoQuant

Description

An analyst for the market intelligence platform CryptoQuant has predicted that bitcoin (BTC) could experience the “sell in May effect” in the coming months, even as the bull cycle remains unfinished. According to the report by Oinonen, BTC is expected to have a sideways summer and experience elevated price levels by the last quarter of the year following the sell in May effect. The Sell in May Effect The sell in May effect is a concept that refers to the seasonality of traditional finance. The s...