The May Crypto Sell-off Predominantly Occurred in the US Session – Investing.com India
- Date: 12-Jun-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
The May Crypto Sell-off Predominantly Occurred in the US Session – Investing.com India
Bitcoin continues to chop.
Currently, in a ‘crab' pattern, the price of Bitcoin is constantly going up and down by a few thousand dollars but remains range-bound within $30k-$40k.
Having a drawdown of 50% after rallying 1,610% from March low to mid-April all-time high, the sideways trading is expected to continue for months and trend up if the bull market is intact and down if we are in fact in a bear market.
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