Bitcoin is close to registering its highest monthly close in history, potentially surpassing $102,400 and even reaching $110,000, which would represent a gain of 15% to 17% in May — the best performance since 2019. This movement reflects a strong bullish market and could lead to a "price discovery" phase, where the cryptocurrency would trade in unprecedented ranges.

Technical indicators reinforce this trend, including a possible "golden cross," typically followed by increases of 45% to 60%. Additionally, recent compressions on the chart suggest an imminent breakout, as seen in previous cycles.

From a liquidity standpoint, there are over $3 billion in short positions that could be liquidated if the price surpasses $110,000, which could further boost the asset's appreciation. Technical analysis indicates that the upward movement could be accelerated by liquidation pressure.