4 Good Signs for Bitcoin Price in May with a Return to $100,000

BTC dropped from $109,000 on January 21 to a support level of $75,000 at the end of March. After that, following the final price test below $75,000 on April 9, buyers returned strongly and closed April at over $95,000. Afraid of Trump, will the big BTC price increase repeat? A renowned analyst from Crypto X has noticed a familiar pattern in the Bitcoin price recovery in April following the sell-off due to the shock from the coronavirus. The global financial market is returning to betting after cashing out during Trump's second term and the tariff panic. Key participants in the Bitcoin economy may see parallels between the current moment and the last time Trump began pushing Fed Chairman Jerome Powell to cut interest rates. The last time this happened, the market price of Bitcoin increased 12 times within 24 months. The cryptocurrency market feels bullish again. The average annual ROI is 550% from 2019 to 2021. In comparison, the S&P 500 Index has provided an average annual ROI of 10% since 1957. It is not surprising that organizations are optimistic about initial blockchain cryptocurrencies. Even the doomsday doctor of Bitcoin, Peter Schiff of EuroPac, has completely changed in a tweet on X, calling on his followers to donate BTC to him, which he promised he would never sell. For anyone following Schiff's anti-crypto texts, this is a strange world. Here are four reasons why this small coin seems very attractive to cryptocurrency speculators in May.

1. Wall Street Bitcoin ETFs continue to rise in April

The participation of Wall Street buyers through Bitcoin ETFs has driven BTC prices up for almost the entire year of 2024. Institutional investors have also provided significant capital flows to MicroStrategy ( now Strategy) and Bitcoin miners in 2023, signaling pent-up demand. Now, as stock traders are a powerful force influencing the cryptocurrency economy, the inflows and outflows of Bitcoin ETFs will react to and impact the price of this asset. The Manhattan market has shifted to a strong bullish trend for BTC in April. Bitcoin ETFs have seen a continuous inflow of funds daily from April 17 to April 29, with some days reaching nearly one billion dollars for daily transactions.

As of April 28, Bitcoin ETFs have seen a total weekly inflow of $3.06 billion, the second-highest level ever recorded. Meanwhile, Bitwise's chief investment officer, Matt Hougan, wrote in a note to investors that he hopes the ETF inflows will continue to grow sustainably. Hougan said: "I still expect bitcoin ETFs to set a new record for inflows this year," "even though they have only brought in 'only' 3.7 billion dollars so far in 2025, compared to 35 billion dollars in 2024." 2. Semler Scientific buys 15.7 million USD BTC In addition to the high demand for Bitcoin exchange-traded funds from investors, corporations continue to intensify the global race to accumulate Bitcoin. This limits the available supply on exchanges and drives the price even higher. The Virginia-based strategy has begun this incredible demand for BTC to strengthen its balance sheet. It serves as an inflation hedge, a macroeconomic safeguard, and a way to increase investment returns when assets have a good year. On April 30, the California-based healthcare technology company Semler Scientific announced the purchase of 165 BTC for approximately 15.7 million dollars. Semler reported: "As of April 29, 2025, Semler Scientific holds 3,467 bitcoins, purchased for a total value of $306.1 million at an average purchase price of $88,263 per bitcoin, including fees and costs, and has a market value of $330.6 million..." When Semler started buying BTC in May last year, the company's stock price surged 38%. Meanwhile, Strategy has made another Bitcoin purchase transaction worth billions of dollars announced on April 28. This raises the total number of BTC that the company holds to 553,555 BTC at an average price of $68,500 per BTC. 3. Arizona shifts to Bitcoin accumulation Not only are U.S. corporations flocking to Bitcoin. Following the White House's initiative to establish a national reserve fund, some states are moving to add this asset to their books. In April, Arizona joined them with the legislative move to establish a state Bitcoin reserve fund. That puts the issue in the hands of a governor, who can sign it into law with a stroke of a pen any day. "Cryptocurrency and bitcoin have a large following nationwide and in Arizona," said Arizona State Senator Wendy Rogers, a co-sponsor of the bill. "They are extremely popular among young people and independents." This is the first time a state legislative body has approved the establishment of a BTC reserve fund. While some states are seriously considering it, Copper State may be poised to launch a race at other state buildings. 4. The whale buying frenzy of Bitcoin The cryptocurrency market is nothing without major traders like whales. The large moves of these giant investors tend to predict future price movements because the large sums of money have the motivation and resources at a large scale to make smart bets. Therefore, the waves of investment from whales into the Web3 liquidity group may cause future market price fluctuations and become a self-fulfilling prophecy. This is good news for BTC sellers and long-term holders. Bitcoin whales accumulated a lot in April. In the last two weeks of the month, they bought 4 billion. Strong support from both institutional buyers on Wall Street and individual investors on the Internet is very beneficial for the prospects of cryptocurrency.