Will Bitcoin Break Through $100,000 in May?

🔹 Bitcoin is currently hovering around the $95,000 mark, needing just about 5.46% more to reach the long-awaited $100,000 milestone. 🔹 Well-known analyst Michael van de Poppe points out that Bitcoin has not yet surpassed gold's historical value – and according to him, the true bull market is only just beginning. 🔹 Historical data suggests that if past trends hold, Bitcoin has a solid chance of crossing the $100,000 barrier this May.

Bitcoin Is Approaching a Major Milestone Over the past week, Bitcoin has posted a solid 6.57% gain. Currently trading around $94,820, its year-to-date (YTD) growth stands at a modest 1.41%. The major hurdle now is the psychological resistance at $95,000, and breaking through this level could pave the way for Bitcoin to hit $100,000 as early as this month. Interestingly, Bitcoin's recent price movements have diverged from those of the stock market. Instead, it is showing patterns similar to gold, suggesting that investors are increasingly viewing BTC as a safe haven amid global uncertainties. Thanks to the rising money supply (M2) and Bitcoin's resilience to geopolitical risks, a 5.46% increase from current prices would be enough to breach the six-figure barrier.

What Do the Experts Say? Michael van de Poppe, a respected voice in the crypto space, recently stated:

"Bitcoin's value relative to gold has not yet reached its historical high. The real bull market for risk assets has not even started. We are still about 30% below the 2021 peak. This is very promising!" His remarks suggest that the cryptocurrency market has significant room for growth, not just in May but over a longer horizon.

History Is on Bitcoin's Side According to data from the market analysis platform CoinGlass, Bitcoin has historically averaged a 7.94% return during May since 2013. If this trend continues, Bitcoin could reach approximately $102,273! 📈

However, looking at the median performance, Bitcoin typically gains around 3.17% in May. This would bring its price to about $97,826, meaning it would come close to, but not quite surpass, the $100,000 mark. Nevertheless, improving investor sentiment, a steady inflow of capital, and easing trade tensions are factors that increase the probability of Bitcoin reaching $100,000 this month.

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