BIT: Bitcoin’s seasonal support remains intact, but whether positions can follow suit remains a key variable.

According to chart analysis released by independent analyst Markus Thielen, Bitcoin’s price action in April followed seasonal patterns almost perfectly: its actual gain exceeded the historical average. Yet at that time, the market had not reached a broad consensus on bullish sentiment. While investor mood was cautiously optimistic, positions were not significantly increased; low trading volume and persistently negative funding rates indicated that many traders remained on the sidelines. Entering May, Bitcoin’s rebound above $80,000 caught numerous investors off guard—further confirming the market’s prior under-allocation. Historical data shows May is a relatively stable month for Bitcoin: over the past 10 years, its average return has been approximately 10.3%, with six years posting gains. Seasonal support remains intact—but whether positions will increase accordingly remains a key variable.