Chance of Bitcoin price highs above $110K in May increasing — Here’s why:
- Bitcoin is driven by its ability to perform well in risk-on and risk-off environments, according to Bitcoin Suisse.
- Bitcoin’s Sharpe ratio of 1.72, second only to gold, underscores its maturity as an asset, offering superior risk-adjusted returns.
- A buyer-dominant market signals strong institutional and retail interest that could drive a supply squeeze and break new highs in May.
Bitcoin ( $BTC ) price breached the $100,000 mark for the first time since January, fueling speculation of a new all-time high above $110,000 in May.
According to Bitcoin Suisse, a crypto custody service provider, BTC’s bullish momentum stems from its ability to thrive in risk-on and risk-off environments since the US presidential elections.
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