https://www.msn.com/en-us/money/savingandinvesting/why-investors-should-dread-the-month-of-may--especially-this-year/ar-AAwqxnh?ocid=spartandhp
^ check it.
According to historical data, the stock market bears in May for most years. We've seen thus far that when the stock market does poorly, it affects the crypto market in a similar fashion. What do you guys think about this upcoming May? Will we moon more or will we dip?
It seems to me that institutional investors who are invested in both stocks and crypto will move some crypto out (sell) to help offset their losses from stocks. That's what could drive the price down by a bit.
What are your thoughts?
Maybe it might make some little correction along the line and we are not afraid of that as we actually need retracement in other to be able to gather momentum for future price progress. We should not be worried about this as this has happened several time. I will still advice is to keep holding as whenever you sell you are part of the reasons why price is going down.