Bitcoin is gearing up for a historic breakout in May, analysts expect$BTC
According to BlockBeats, analysts from BiyaPay suggest that Bitcoin may witness a historic breakout in May, potentially challenging the significant resistance level of $100,000. Key factors driving this trend include a substantial influx of institutional money into ETFs, the effects of the reward halving cycle, and macroeconomic hedging demand.$BNB
Between April 20 and 26, Bitcoin ETFs experienced a net inflow of $3.1 billion, marking a weekly record. Notably, BlackRock's IBIT fund has surpassed the size of its gold fund, becoming the primary channel for traditional money entering the market. Standard Chartered has indicated that Bitcoin is increasingly replacing gold as the preferred hedge, with an ETF siphoning effect creating a pattern of institutional support followed by retail participation.$SOL
Historical data indicates that Bitcoin typically experiences explosive growth 12-18 months after a halving event. Following the halving in 2020, Bitcoin's price surged by 536%. Analysts expect the peak of this cycle to occur in May 2025, with a target price of $156,000. If Bitcoin surpasses $100,000 in May, it may trigger FOMO (fear of missing out) sentiments, accelerating the price rise.
Additionally, the weakness of the US dollar and the risks associated with US Treasury bonds have increased Bitcoin's appeal as a safe haven. Early April saw market volatility due to tariff policy rumors, highlighting Bitcoin's sensitivity to macroeconomic risks. The derivatives market presents a mixed picture, with retail funding rates becoming cautious, but the two-month futures premium has risen to 6.5%, indicating continued institutional accumulation. MicroStrategy recently added 15,000 Bitcoin at an average price of $92,700, highlighting long-term confidence.
Moreover, Bitcoin's technical independence is strengthening, as its correlation with the S&P 500 index has dropped to 29%, reinforcing its position as 'digital gold'. Continuous flows into ETFs could build momentum for a breakout, while outflows will test market resilience. Analysts advise investors to monitor on-chain data and institutional movements, and to avoid chasing high leverage. The market is awaiting validation during the critical May window, with the dual forces of institutional and cyclical influences potentially reshaping the cryptocurrency asset valuation framework.#StrategicBTCReserve #EUPrivacyCoinBan #BinanceHODLerSTO
