Bitcoin Poised to Smash $100K as Historic May Rally Kicks In

Bitcoin has gained momentum over the past week, rising over 6% to hover just below the $95,000 mark.

While its year-to-date growth remains modest at around 1.4%, traders are now closely watching the $95,000 resistance level. If broken, many believe it could open the door for Bitcoin to surge past the $100,000 milestone as early as May.

Interestingly, the cryptocurrency appears to have decoupled from traditional equities and is now tracking closer to gold in terms of market behavior.

This shift comes amid increasing money supply and a broader macroeconomic backdrop that favors non-traditional stores of value. Analysts suggest that a further 5.5% uptick from current levels would be enough to propel Bitcoin into six-figure territory.

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Market expert Michael van de Poppe emphasized that Bitcoin still hasn’t reached a new high when measured against gold, suggesting the current cycle’s true bullish phase may not yet have begun. According to him, Bitcoin remains about 30% below its 2021 peak relative to gold, signaling room for significant upside.

Historical data further supports this outlook. According to CoinGlass, Bitcoin has averaged nearly 8% gains in May over the past decade. If this trend holds, prices could exceed $102,000 this month. Even its median performance for May — just over 3% — would bring it close to $98,000.

Coupled with improving investor sentiment and signs of easing global trade tensions, the conditions may be lining up for Bitcoin to finally crack the $100,000 mark.

Alexander Stefanov