Sell in May? Bitcoin Tops $107K, Could Hit Record Highs This Summer Say Analysts...

by Krisztian Sandor at CoinDesk

Regulatory tailwinds, persistent ETF and corporate buying, Fed rate decisions and Trump’s looming tariff deadline are setting the crypto market up for an eventful next few months.

What to know:

A confluence of positive regulatory developments around digital assets in the U.S. and increasing institutional buying is poised to push BTC higher in the next months, said Paul Howard.
Bitcoin options markets are already flashing signs of investor anticipation, noted another analyst.
Bitcoin briefly topped $107,000 during U.S. hours on Tuesday.

“Sell in May and go away,” goes the Wall Street adage for equity markets every summer. For bitcoin BTC$107,118.25, though, some analysts say this season could mark a break from tradition.

“As we get into the European summer months, the sense is it’s more likely a case of ‘buy in May and go away’ than any significant headwinds or selling pressure,” said Paul Howard, director at crypto trading firm Wincent in a market note…