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Price Prediction

Will Bitcoin reach $ 100,000 in May?

⚈ Bitcoin is trading near $ 95,000 and needs to earn 5.46 % to reach $ 100,000.
⚈ Analyst Michael Van de Bobby says that bitcoin has not yet been released.
⚈ Historical returns, revenues indicate that BTC may exceed $ 100,000 this month if the trends are steadfast.

Bitcoin (BTC) has seen a 6.57 % gathering over the past seven days. The leading currency is currently trading at $ 94,820, where YTD (YTD) returns by 1.41 %, and faces resistance at $ 95,000. If this level exceeds, Bitcoin can easily reach $ 100,000 in May.

BTC price for one week and year to the date (YTD). Source: Finbold

Digital assets stopped trading along with the stock market, and instead it seems to reflect the price of gold. With the increase in cash (M2), Bitcoin, which, unlike traditional stocks, showed flexibility in the risk of customs tariffs, will have to collect 5.46 % of the current prices in order to cross the $ 100,000 threshold.

Michael Van de Bob, cryptocurrency analyst, pointed out how “the bitcoin value against gold has not even made its highest level yet. However, the real bull on the assets on the risk did not start.

Historical performance suggests that Bitcoin will reach $ 100,000 in May

Data recovery By Finbold from Cryptocurrency Market Skillnce Platform Coinglass He explains that since 2013, BTC has provided an average return of 7.94 % in May. The repetition of its average performance will witness that the cryptocurrency is 102,273 dollars.

Average bitcoin in the month. Source: Coinglass
Average bitcoin in the month. source: Coinglass

With what is said, the average BTC performance is in May 3.17 %. Such an increase will not see Bitcoin up to $ 100,000 – instead, it will reach $ 97,826. However, with the improvement of fixed capital flows and investor morale improved due to the fortunate at all It acquired the war of tariffsBitcoin’s possibilities for $ 100,000 to reach higher.

Distinctive image from Shutterstock

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