Bitcoin Reaches $97,000 Amid US-China Tariff Talks
Bitcoin (BTC) has reached $97,000 on news of tariff talks between the US and China next week. While the rise is expected to continue, K33 analysts announced the new strategy in Bitcoin.
K33 Analysts Recommend ‘Hold and Stay’ Strategy
K33 Research analysts recommend a ‘hold and hold’ strategy for Bitcoin in May. Stating that the situation is very different this time, K33 analysts stated that cryptocurrencies have moved away from the “sell and exit in May” strategy inherited from traditional markets and have switched to the “hold and stay in May” strategy.
This phrase, known as a phrase rooted in traditional stock markets, indicates a possible decline in market performance from May to October. According to the consensus, traditional markets are believed to have weaker average performance between May and October compared to November and April.
At this point, K33 analysts argue that 2025 will be different due to several Trump-driven catalysts and will be different from previous summer recessions.
Insights from K33 Analysts
K33 analysts Vetle Lunde and David Zimmerman said:
“The summer months generally tend to see fewer catalysts than the rest of the year. But with many catalysts on the horizon in the summer of 2025, driven by President Trump, things will be different this time around. While Trump’s overall market impact is troubling, it is necessary to accept the market as it is. Right now, this is a broad Trump trade; his moves are affecting risk tolerance and distorting expectations. But going forward, cryptocurrencies will face multiple positive developments driven by Trump, while stocks could face a repeat of tariffs. This sets the stage for Bitcoin to strengthen and rally relatively quickly in the coming months.”
Despite bullish expectations, analysts added that the deadline for submitting a report on the US Strategic Bitcoin Reserve has passed, increasing uncertainty.
*This is not investment advice.