Pray, permit me to inform you that the values of Bitcoin and her altcoin companions have most resolutely resumed their ascent, promising the finest week’s end since the January frosts.
Indeed, Bitcoin (BTC) has enjoyed three successive weeks of agreeable gains and now luxuriates at a height 28% above the nadir it touched but this month past.
Altcoins, bless their volatile little hearts, have not lagged behind. The most remarkable of these performers—Official Trump (TRUMP), Sui (SUI), Dogwifhat (WIF), Fartcoin (FARTCOIN), and Stacks (STX)—have all soared more than half a century in percentage points over merely seven days. Truly, one might wonder if some spirits of mischief dance amongst these coins. 🙃
The broader market, too, has emerged from its slumber. The S&P 500, Nasdaq 100, and Dow Jones have each leapt more than 10% since their recent trials of fortune.
All this bullishness might be attributed to one Master Donald Trump, who has proper intentions of trade accords and—for once—did not dismiss the Federal Reserve’s Chief, Jerome Powell. The latter gentleman remains devoted to his strategy of maintaining interest rates until inflation deigns to respect the sacred 2% target—a prospect which may cause many a sigh in the drawing rooms of America.
In a curious turn, Bitcoin has taken on the role of a safe haven amid risk – albeit it did not quite outshine the venerable gold, but certainly outpaced American stocks. One might cheekily ask whether Bitcoin is becoming the latest ‘darling’ of the anxious investor. 🧐
May We Sell Bitcoin and Altcoins, Then Retire to the Countryside?
The adage “Sell in May and go away” has long danced through market parlance, as if investors’ holiday wanderlust were a formidable foe to profits. It supposes that stocks tend to perform poorly in May and the ensuing summer months, as eager buyers flee to greener pastures.
Yet, historical data on Bitcoin suggests a more modest return in May—an average of 7.95%—which, while respectable, is a trifle shy of the robust gains from prior months. Lo and behold, the second and third quarters traditionally present the gloomiest seasons in Bitcoin’s calendar. Alas, summer can sting even the most intrepid of digital coins.
Analysts remain divided in opinion about this rally. Some warn it may be a product of nothing more than the Fear of Missing Out—an emotional tempest that generally foreshadows a local peak, if not a precipitous fall.
Mr. Ki Young Ju, esteemed founder of CryptoQuant, opines that Bitcoin doth not yet break free but rather dangles amidst a broad range, liable to resume its descent unless it vaults above the lofty sum of $100,000. A modest challenge, indeed.
“After I said the bull cycle was over, #Bitcoin dropped 10%—but now it’s 10% above where it was when I made that call.
I still think we’re moving within a wide range. If it breaks above $100K, I’ll gladly admit I was wrong. Until then, I’m keeping an eye on the data for a few…”
— Ki Young Ju (@ki_young_ju) April 23, 2025
Other prognosticators offer a more sanguine view, attributing the persistence of Bitcoin’s ascent to the swelling M2 money supply and the influx of institutional suitors. Indeed, spot Bitcoin ETFs continue to receive generous attentions, whilst noble firms such as Cantor Fitzgerald and SoftBank have invested with spirits high.
Technical Analysis: Bitcoin’s Dance Upon the Bullish Stage
From the perspective of charts and graphs—the modern parchments of our age—it appears unwise to heed the siren call of “sell in May and away!” The weekly plot reveals Bitcoin tracing an ascending channel, having recently tested its lower verge with aplomb.
BTC remains steadfast above the critical support near $68,845, a figure of some note marking the pinnacle of the preceding cup and handle formation. Furthermore, it clings above the 100-day moving average, a signal that bullish energies still guide its steps.
Hence, it is quite plausible that the coin shall continue its upward quest, endeavoring to surpass its all-time high of $109,285. Should it accomplish such a feat, further gains may ensue, potentially reaching the fabled $125,000—a sum to make even the most seasoned investor blush.
The prime mover behind such prosperity might be progress in trade negotiations with grand powers such as China, South Korea, the European Union, and Japan. Favorable accords could inspire the Federal Reserve to reconsider interest rates, whispering sweet encouragement to Bitcoin, altcoins, and stock markets alike.
Thus, dear reader, one must ponder thoughtfully before abandoning one’s cryptographic treasures for the summer gardens: the dance is far from done, and fortune’s favor remains as mysterious as ever. 💰✨
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2025-04-25 20:31