Sold in May and went away? Bitcoin risks another 10% drop as month turns red

Bitcoin is on track to end May in the red, a historically bearish signal that could point to deeper losses ahead if the post-May track record is any guide.

Bitcoin (BTC) may be flashing a “sell in May and go away” warning, with the price down roughly 10% after rejecting resistance near $83,000 and now on track for a negative monthly close.

BTC/USD daily price chart. Source: TradingView

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