Sell in May? Bitcoin Tops $107K, Could Hit Record Highs This Summer Say Analysts

"Sell successful May and spell away," goes the Wall Street adage for equity markets each summer. For bitcoin BTC, though, immoderate analysts accidental this play could people a interruption from tradition.

"As we get into the European summertime months, the consciousness is it's much apt a lawsuit of 'buy successful May and spell away' than immoderate important headwinds oregon selling pressure," said Paul Howard, manager astatine crypto trading steadfast Wincent successful a marketplace note.

A confluence of affirmative regulatory developments astir integer assets successful the U.S. and expanding organization buying some via exchange-traded funds and spot allocation is poised to propulsion BTC higher successful the adjacent months, Howard said.

U.S.-traded spot bitcoin ETFs, for example, pulled successful $667 cardinal successful nett inflows connected Monday with BTC pausing conscionable beneath its January record, underscoring persistent demand, helium noted. The vehicles attracted $3.3 cardinal successful May, per SoSoValue. On apical of that, there's been a flurry of companies joining Michael Saylor's Strategy (MSTR) adding bitcoin to their treasury, financed by indebtedness and banal issuances.

"As we borderline person to a $4 trillion marketplace headdress for integer assets, we volition spot BTC transverse all-time-highs successful the coming weeks," Howard said. The full crypto marketplace headdress presently stands astatine astir $3.3 trillion, per TradingView data.

Historically, summertime months person been dilatory for crypto assets, but macro and governmental forces are besides converging successful ways that could disrupt the emblematic seasonal lull, analysts astatine crypto analytics steadfast Kaiko pointed out.

The Federal Reserve’s adjacent involvement complaint determination successful June volition precede Donald Trump's July 9 tariff deadline for commercialized partners, some of which could trigger market-wide volatility, the study said.

Bitcoin options markets are already flashing signs of capitalist anticipation, Kaiko analysts said. Strike prices astatine $110,000 and $120,000 for the June 27 expiry person drawn dense volume, suggesting bets connected BTC making a record-breaking move, the study noted.

Bitcoin concisely topped $107,000 during the Tuesday session, gaining 1.2% implicit the past 24 hours and trading conscionable 2% beneath its January grounds high.