Chance of Bitcoin price highs above $110K in May increasing — Here’s why

Bitcoin Suisse suggests Bitcoin performs well in both risk-on and risk-off markets. Its Sharpe ratio of 1.72, second only to gold, indicates strong risk-adjusted returns, showcasing its maturity. The price recently surpassed $100,000, fueling speculation of a new all-time high above $110,000 in May. Bitcoin acts as a hedge during risk-off periods and a growth asset during risk-on scenarios. Over 86% of Bitcoin's supply is currently in profit. Bitcoin Suisse's research head highlights Bitcoin's unique "Swiss army knife" profile. Fidelity predicts an "acceleration phase" characterized by high volatility and high profit potential. A buyer-dominant market, seen for the first time since March, signals strong buying pressure. This buying pressure is driven by institutional interest and spot Bitcoin ETF inflows. This demand shift and Bitcoin's high Sharpe ratio could boost prices further.