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$BTC Is May going up or down?
On a macro level:
U.S. debt has exceeded 100% of GDP for the first time since World War II.
The Iranian Ministry of Foreign Affairs has again said it hopes for a rapid outcome from U.S.-Iran negotiations, but that’s not realistic.
The Chair of the Federal Reserve will officially be replaced in May.
The crypto market structure bill could be advanced in mid-May.
Looking only at the news isn’t realistic, because both good and bad factors exist, and most likely the market will once again show a pattern of fluctuations up and down.
Many people also say that Bitcoin usually declines in May.
I went and specifically checked the data:
Over the past 10 years, BTC’s performance in May has been generally positive overall, with gains in 60% of the years (6 years).
In winning years, the average increase is 28.9%, far higher than the average decline of -19.9% in losing years, indicating a positively skewed distribution.
Average performance: overall average change +9.3%
So, no one can predict this market. As long as Trump is in office for even a day, the market won’t be calm—after all, the candlestick controller runs the chart. Those who get it, get it.