"Sell in May" is an old saying... Bitcoin Touches $107,000 Intraday

The adage 'Sell in May' in the investment market, including traditional finance, does not seem to hold true this year. Bitcoin (BTC) has surpassed $107,000 intraday, challenging its all-time high.

As of 7:06 AM on the 21st, Bitcoin is trading at $106,445, up 0.96% from the previous day according to CoinMarketCap. Although the upward trend has slightly subsided, Bitcoin had previously surpassed $107,000 around 6 AM.

Analysts suggest that Bitcoin's price will continue to rise over the next few months. Director Paul Howard Vincent stated, "Positive regulatory changes surrounding digital assets in the US and increased institutional buying due to spot ETFs could drive Bitcoin's price up," and predicted, "Bitcoin will break its all-time high in the coming weeks."

Crypto analysis firm Kaiko also expects Bitcoin to maintain its upward trend this summer. Kaiko's report stated, "The Federal Reserve's June FOMC and President Donald Trump's tariffs, which will be decided by July 9, could trigger market volatility."

Kaiko further noted, "There is a surge in trading volume at the $110,000 and $120,000 strike prices expiring on June 27," and added, "Investors are showing positive expectations."