Bitcoin prices have rebounded strongly this week, marking their best weekly performance since January. This bullish trend is fueled by a variety of factors: expanding DeFi applications, increasing institutional investment, and even signals from Donald Trump regarding potential trade deals. However, questions remain about whether to sell Bitcoin in May. The ‘Sell in May and Go Away’ theory suggests that stocks often underperform during this period. However, the past few months have seen a remarkable rally for Bitcoin. Is it wise to sell now? An analysis of historical data reveals that Bitcoin has historically experienced lower returns during May. A closer look at seasonality data reveals that the average return for Bitcoin in May is 7.95%. This performance often pales in comparison to the double-digit growth seen in the past months. The second and third quarters are traditionally considered the weakest periods for Bitcoin’s price action, according to historical trends. Despite this trend, analysts at Nansen caution that the current rally might be driven by Fear of Missing Out (FOMO), a common psychological phenomenon preceding market peaks. **Ki Young Ju, founder of CryptoQuant, offers his perspective**. He believes that Bitcoin has yet to break out from its range and remains vulnerable to a potential downtrend. He even highlights a significant drop in Bitcoin price following his prediction of the end of the bull cycle. However, some analysts are optimistic about Bitcoin’s future.** They believe expanding M2 money supply and increasing institutional demand will propel further growth. As seen with the launch of spot Bitcoin ETFs and investments from companies like Cantor Fitzgerald and SoftBank, institutional investors are showing confidence in this asset. Technical analysis suggests that a continuation of this upward trend may not be wise. A look at Bitcoin’s weekly chart reveals an ascending channel, followed by a recent retest of its lower boundary. Moreover, the coin has maintained above the critical support at $68,845, marking the upper edge of the previous cup and handle pattern. The 100-day moving average remains strong, signaling that bulls continue to hold control.