As of April 26, Bitcoin has risen by 11%, demonstrating resilience by holding near its two-month high of $94,000. This rally occurred following signals from the administration of U.S. President Donald Trump regarding the easing of import tariffs, as well as strong corporate earnings reports.

Could Bitcoin reach a new high as early as May?

Data indicates that Bitcoin may reach new highs sooner than most investors expect.

Investor confidence in Bitcoin has further increased due to a record influx of $3.1 billion into spot exchange-traded funds (ETFs). However, a key derivative indicator for BTC has shown signs of bearish momentum, raising questions about whether the target mark of $100,000 remains realistic. ???? 29816953376

Perpetual Bitcoin futures remain popular among retail traders, as their price closely follows the spot market. A positive funding rate indicates that buyers are paying to support their positions, while its reversal often signals bearish sentiment.