According to the specialists, during the last ten years, bitcoin holders only twice suffered losses in May. In other cases, the bitcoin’s rise exceeded the average monthly price. Experts at Messari have come to a conclusion that the stock market rules cannot be applied in the cryptocurrency sphere as the situation is completely different there. Holders of virtual assets are recommended to buy in May and hold investments during summer months.

Analysts also suppose that May trading should not be judged by single bearish cycles. Such bearish periods were recorded in 2015 and 2018. In these years, cryptocurrencies’ dynamic was worse than in other years. However, in 2011, during the cryptocurrency’s first bearish cycle, May returns were rather impressive.

In 2019, the bitcoin price jumped by more than 54% while the monthly average return was less than 8%. This year, the market price of the first cryptocurrency advanced by 9%, slightly above the year-to-date monthly average of 8.5%.

Experts at Glassnode believe that there are a lot of fundamental factors showing that bitcoin downward correction will not happen. For example, when BTC reached $10,000, it delivered profits to four of five its holders. According to Glassnode, bitcoin has all chances to go on rising. Notably, on June 2, the bitcoin price approached $10,400.

Analysts suppose that after such a jump, about 90% of investors could gain profit. In fact, the biggest number of bitcoins was bought within the range of $9,700 and $10,300.