The worst May ever for bitcoin?

  1. Fears about inflation are causing changes of direction, fueled by concerns about the international rebound from the coronavirus pandemic and by huge central bank liquidity creation, as well as the long-term impact of engineered “recoveries” worldwide.
  2. Weaker investors are selling. Depending on who you ask, this setup is either a golden accumulation opportunity or a nightmare — and the split seems to match with market experience.
  3. Key price averages need to be watched. Decentrader highlighted the 200-day moving average (DMA) and 20-week moving average (WMA) as significant levels to watch.

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LendoChain

LendoChain is a DeFi platform offering a suite of crypto-related services https://www.lendochain.com