Crypto analysts are divided over whether markets will see a major Bitcoin sell-off in May, a pattern that has emerged in the last two bear markets during US mid-term election years.
In May 2018, Bitcoin crashed from nearly $10,000 to about $7,000 by the end of the month. It happened again in May 2022, when Bitcoin fell nearly 30% from about $40,000 to $28,500 before falling further in June to $20,000.
With 2026 also a bear market year coinciding with a US mid-term election, there are concerns it could happen again.
“The most brutal pattern in Bitcoin history. Nobody wants to hear this. But the pattern is perfect. Mid-term election years. Bitcoin dumps. Every time,” crypto analyst Merlijn Enkelaar said on Sunday.
Enkelaar said a similar move could see Bitcoin prices collapse to…
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Source cointelegraph.com
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