Will Bitcoin price reach the highest level ever in May?

Bitcoin price per month started with a strong note, via the important resistance level at 96,000 dollars for the first time since February.

Bitcoin (BTCShe jumped over $ 97,000, an increase of 30 % over its lowest level in April. Its gathering occurred when investors adopted feelings of risk, with fear and greed index to 55.

American stocks also continued their upward momentum, noting Dow Jones and Nasdaq 100 indicates more than 350 points jumping. Here are the three most important reasons why Bitcoin is on its way to $ 100,000, and perhaps the highest level ever, in May.

1. The failure of the death price pattern in April in April

One of the main reasons for optimism is that Bitcoin avoids the formation of the deity intersection pattern last month. The death intersection occurs when the moving average crosses for 50 days from the moving average for 200 days-usually a hole.

In April, the spread between these two averages narrowed greatly, but in the end it did not cross. This reflects what happened in September 2023, when a cross near death preceded 83 % in BTC. A similar setting can indicate an increase in another upward rise.

Bitcoin has other ascending technical stimuli that may pay over $ 100,000 and even its highest level ever. It has formed a double -bottom pattern at $ 76,560, and has now moved over the neckline at $ 88,830. It also moved over the upper side of the small bullish style shown in yellow. Therefore, all these patterns indicate more gains in May.

2. Bitcoin’s institutional demand rises

Another potential catalyst for Bitcoin is the increasing number of institutions that actively buy the currency. It is noticeable that Spot Bitcoin ETFS recorded a $ 2.9 billion net flows in April, amounting to cumulative flows to more than $ 39 billion.

In addition, more companies build and increase their bitcoin bonds. Cantor Fitzgerland, Tether and SoftBank collaborated Create twenty -oneThe company whose only goal is to buy bitcoin. Other companies, such as Trump Media and Gamestop, have announced plans to get Bitcoin.

More companies may continue to buy Bitcoin because they gradually develop into a safe asset. It has surpassed the shares and other risk origins since Trump delivered it Termination Day tariff letter.

3. Federal Reserve and Donald Trump axis

Bitcoin is also expected to receive a batch of Donald Trump and the Federal Reserve, especially after this week Economic data. A report issued on Tuesday showed that consumer confidence fell in April.

Another report revealed that the private sector created only 61,000 jobs in April, much less than an average of 121,000. The American economy has also contracted for the first time since 2022, which raised concerns about the potential stagnation.

These numbers indicate that both Trump and chat may burn this month. Trump can start negotiating commercial deals with countries, including China. Meanwhile, the Federal Reserve may indicate that it is ready to intervene by reducing interest rates.

These two procedures will end the best risks facing the market this year, and to push risky assets like Bitcoin higher.