$BTC has broken past the $97,000 mark, continuing its bullish momentum from last month. The cryptocurrency has seen a significant increase in value, with many analysts now predicting that the next major target could be $100,000. As Bitcoin approaches this key psychological level, optimism is growing among traders, with some even speculating that a move toward $150,000 could be possible before the year ends. This surge is seen as a sign of strengthening market sentiment, despite a few cautionary signs from historical trends.
📉 Caution for May: The “Sell in May” Effect
While $BTC rally is exciting, historical data suggests that May could bring a seasonal slowdown. The "Sell in May and go away" strategy has often been observed, where market performance weakens during the summer months. Traders are advised to remain cautious and closely monitor key levels of support, with $92,000 and $85,000 as important price points to watch. The potential resistance near $100,000 may also pose a challenge for further gains, so investors need to stay alert in the upcoming weeks.
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