Don't be afraid of the "Sell-in-May" curse as this factor will soon bring Altcoin to the BULL-RUN stage
According to data from Glassnode & ETC Group, the average seasonal performance pattern shows that Bitcoin typically has lower bullish performance during the summer months before continuing its ascent later in the year. Seasonality can be a useful factor to consider when trading Bitcoin, but it should not be the only factor.
Some experts believe that the summer period often has lower trading volume, creating large fluctuations in the market due to lack of liquidity. Large volume Bitcoin sell orders easily cause the price to fall sharply and pull altcoin prices into even deeper corrections.
With a more multi-dimensional assessment, analysts also believe that Bitcoin Dominance has peaked and gradually lost important supports. The decline in Bitcoin Dominance signals to investors that a potential altcoin bull run is near as the majority of participants transfer capital from Bitcoin to Altcoins.
This summer's volatile period may be an opportunity for investors to restructure their portfolios, but there are also risks when the market conducts "shakedowns" that make investors lose money. Invest in selling off assets. Therefore, come up with specific investment strategies and be ready to collect goods for the Bull-Run period expected to take place at the end of 2024.
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