Bitcoin prices are recovering significantly, with altcoins marking impressive gains. The ‘sell in May and go away’ strategy is under scrutiny as analysts present mixed views on the market’s future. While some predict continued growth, others caution about potential corrections. Technical analysis indicates that Bitcoin could remain bullish, especially if key support levels hold and external economic factors turn favourable.
As Bitcoin and other altcoins see a notable uptrend, experts are weighing in on the age-old investment mantra: Should you sell in May and go away? In what could signal a strong market recovery, Bitcoin’s recent performance has marked its best weekly close since January. After three consecutive weeks of gains, BTC is now hovering around 28% above its recent lows this month. Other altcoins, like Official Trump (TRUMP), Sui (SUI), Dogwifhat (WIF), Fartcoin (FARTCOIN), and Stacks (STX) have also surged, each climbing over 50% in the last week.
The market isn’t just limited to crypto, as risky assets across the board have seen upward movement. Major indices, including the S&P 500, Nasdaq 100, and Dow Jones, have bounced back impressively, jumping more than 10% from their monthly lows. A key factor behind this recovery seems to be comments from Donald Trump indicating a willingness to negotiate trade deals, alongside his assurance not to dismiss Fed Chair Jerome Powell, who has maintained that interest rates will remain steady until inflation approaches the 2% target.
Bitcoin is emerging as a potential safe haven amid rising uncertainties, though its performance is lagging behind gold. Still, it has outperformed traditional American stock markets recently. So, is it wise to heed the advice of
