BTC Tests Crucial Level as “Sell in May” Narrative Looms
Bitcoin has reclaimed 80k USD, making another attempt to break through the resistance at that level. Whether it can hold above remains to be seen, but a weekly close above 80k would be a clear bullish signal.
April was a very strong month, the third green one in a row after the drop to 60k earlier this year. That said, we still need momentum. I’m a bit cautious about whether we’ll get it in a month that historically isn’t the strongest for Bitcoin, especially with the “Sell in May and go away” narrative still in the background. It’s probably not something to overemphasize, but many short-term investors continue to factor it in.
For now, it’s a waiting game to see how the week unfolds. At the moment, I remain positive, BTC is clearly pushing to break free.
