Will Bitcoin hit $100,000 in May?
Summary ⚈ Bitcoin is trading near $95,000 and needs a 5.46% gain to reach $100,000. ⚈ Analyst Michael van de Poppe says Bitcoin hasn’t yet topped gold’s all-time high. ⚈ Historical May returns suggest BTC could surpass $100,000 this month if trends hold. Bitcoin (BTC) has seen a 6.57% rally over the past seven days. The flagship cryptocurrency is currently trading at $94,820, with year-to-date (YTD) returns standing at 1.41%, and faces resistance at $95,000. Should it surpass that level, Bitcoin could easily hit $100,000 in May. BTC price 1-week and year-to-date (YTD) charts. Source: Finbold The digital asset has stopped trading in tandem with the stock market, and instead appears to be mirroring the price action of gold. With money supply (M2) on the rise, Bitcoin, which, unlike traditional equities, has shown a resiliency to tariff risks, would have to rally by 5.46% from current prices in order to cross the $100,000 threshold. Leading cryptocurrency analys...