Bitcoin Seasonality Stays Bullish Despite Defensive End to April

robot
Abstract generation in progress

Seasonal data since 2013 shows Bitcoin has risen in seven of the past 13 Mays, with an average gain of about 8%, even as April is ending after a roughly 10% rise. U.S.-listed spot Bitcoin ETFs have pulled in more than $1.8 billion this month after March’s $1.32 billion, while Jake Kennis of Nansen said rising yields and a “higher-for-longer” macro backdrop are capping near-term upside.

BTC0.16%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin