Bitcoin (BTC) price produced a monthly close at $27,210, noting a -6.92% return for May. The last-minute slide in BTC put an end to the four-month bullish streak that kickstarted the 2023 rally. Bitcoin price and historical returns: Bitcoin (BTC) price faced intense selling pressure in May, which caused it to drop 8.75% from its local top of $29,820. As a result, the month returned a negative 6.92%, ending the four-month positive streak for BTC. As hopes of a bull run diminish, more investors could join the selling spree, triggering a sell-off. Or, Bitcoin price could consolidate, making it boring for day traders and ... (full story)