Bitcoin Tops $107K as Analysts Predict Possible Record Highs This Summer

Analysts suggest a shift in the traditional "sell in May" strategy for bitcoin (BTC). Key points include:

Paul Howard from Wincent predicts a potential "buy in May" trend due to positive regulatory developments and increased institutional buying.
U.S.-traded spot bitcoin ETFs reported $667 million in net inflows on Monday, totaling $3.3 billion for May.
Companies are adopting Michael Saylor's strategy, adding bitcoin to their treasuries with debt and stock issuances.
The total crypto market cap is approximately $3.3 trillion, with expectations for BTC to reach all-time highs as it approaches a $4 trillion valuation.
Macro factors, including the Federal Reserve's interest rate decision in June and Donald Trump's tariff deadline in July, may induce market volatility.
Bitcoin options markets indicate strong investor interest with strike prices at $110,000 and $120,000 for June expirations.
On Tuesday, bitcoin briefly reached $107,000, gaining 1.2% over 24 hours, just 2% below its January record high.