Sell in May? Bitcoin Breaks $107,000 and Analysts Expect Historic Highs Ahead This Summer

Bitcoin Breaks $107K, Analysts Predict Record Highs Despite ‘Sell in May’ Tradition

Despite the long-held Wall Street saying to “sell in May and go away,” bitcoin is bucking the trend this year as bullish forces build ahead of summer.

Paul Howard, director at crypto trading firm Wincent, explained that instead of selling off, investors might be better off buying in May and holding through the summer. “With regulatory clarity improving and strong institutional demand—especially from ETFs and corporate treasuries—bitcoin looks set for further gains,” he said.

Recent inflows into U.S.-based spot bitcoin ETFs reached $667 million on Monday, contributing to a robust $3.3 billion for May so far, per SoSoValue. Meanwhile, companies continue to increase bitcoin reserves, emulating Strategy’s (MSTR) approach financed through stock and debt.

Howard forecasts bitcoin breaking new all-time highs soon as the digital assets market nears $4 trillion in total capitalization, currently standing around $3.3 trillion.

Though summer historically sees subdued crypto activity, upcoming events like the Federal Reserve’s June rate decision and President Trump’s July tariff deadline could ignite volatility, analysts at Kaiko note.

Options trading supports this optimism, with heavy volume at $110K and $120K strikes for late June expirations signaling bets on fresh record highs.

Bitcoin briefly climbed above $107,000 Tuesday, gaining 1.2% over 24 hours and just 2% below January’s peak.