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?
Well that's how they play the market. Shifting funds around and follow the money. So I wouldn't be surprise by this kind of analysis, however, it should be the other way around at stocks market have been crashing lately and crypto is gaining momentum now. So they are not moving out funds from the crypto market they maybe just playing around and see where the most money is and right now its on crypto that's why we have been recovering since the 2nd week of April. As far as May, its too early to tell, but let's just be positive and hope that the price could hit $10K at least.