$BTC

💎💎💎💎💎💎

🇺🇸🇺🇸🇺🇸🇺🇸

🪙 Bitcoin could reach new all-time highs as soon as May 🪙

Bitcoin showed an 11% increase in the last week of April, surpassing the $94,000 mark. The main drivers were the reduction of trade tariffs, strong corporate earnings reports, and a record $3.1 billion in investments in spot Bitcoin ETFs in five days.

Despite signs of a short-term correction in the derivatives markets, Bitcoin holds positions near two-month highs.

It is noteworthy that Bitcoin's correlation with the S&P 500 index has decreased to 29%, indicating the growing independence of cryptocurrencies as a separate asset. At the same time, the demand for "bearish" positions among retail traders does not align with the positive expectations of institutional investors, who are actively building long-term positions through futures contracts.

Analysts point out that if the interest from major players continues to grow, Bitcoin could surpass the $100,000 level in the coming weeks. 🚀