$33K Could Be Bitcoin’s Next Stop if History Repeats: Analyst
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Analyst Merlijn The Trader flagged that the historical "sell in May" pattern could again pressure Bitcoin, highlighting downside targets and elevated market risk for crypto traders. His worst-case scenario forecasts a massive plunge to $33,000, a development that would weigh on BTC price action, market sentiment and short-term adoption dynamics.
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Sell in May and go away is a popular saying in the financial markets, and renowned analyst Merlijn The Trader outlined a historical pattern that could be even more painful for BTC now.
His targets are quite worrying, with the worst-case scenario predicting a massive plunge to $33,000.
In This News
Coins
$ 73.84K
+0.66%
$ 0.00393
+23.6%Predictions Markets
See what traders are focused on
Share:
In This News
Coins
$ 73.84K
+0.66%$ 0.00393
+23.6%Predictions Markets
See what traders are focused on
Share:
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