4 Good Signs for Bitcoin Prices in May With $100K Back in View
The post 4 Good Signs for Bitcoin Prices in May With $100K Back in View appeared on BitcoinEthereumNews.com.
BTC tumbled from $109K on Jan. 21 to find support at $75K in late March. Then, after a final bear test above $75K on Apr. 9, bulls came roaring back to close out April above $95K. Trump Scare, Massive BTC Rally Repeat? One popular Crypto X analyst noticed in April a familiar pattern in Bitcoin’s price rebound following the sell-off after the coronavirus shock. Global financial markets are back to placing bets after pulling their cash in during the Trump second term and tariff panic. Major participants in the Bitcoin economy may be seeing similarities between now and the last time Trump started pushing Fed Chair Jerome Powell for interest rate cuts. The last time this happened, Bitcoin grew 12 times in market prices in 24 months. Crypto Markets Feeling Bullish Again That’s an average annualized ROI of 550% from 2019 to 2021. For comparison, the S&P 500 Index delivered an average yearly ROI of 10% since 1957. It’s no wonder institutions are bullish on the original blockchain cryptocurrency. Even the doctor of Bitcoin doom himself, EuroPac’s Peter Schiff, made a big about-face in a tweet storm on X, asking followers to donate BTC to him that he promises he will never sell. For anyone who’s been keeping the score with Schiff’s anti-crypto texts, this is some kind of bizarro world. Here are four reasons the little currency is looking so good for crypto bulls in May. 1. Wall Street Bitcoin ETFs Insatiable in April Updated my Bitcoin ETF Chart pack today on Bloomberg. The ETFs have taken in nearly $4 billion on 8 consecutive days of inflows. Here’s what the cumulative flows have looked like over time: pic.twitter.com/euWt9TGjhA — James Seyffart (@JSeyff) April 30, 2025 The entry of Wall Street buyers via Bitcoin ETFs pushed BTC prices up for…
Filed under: News - @ May 4, 2025 1:27 pm