The bullish momentum continues despite the unexpected huge drop the day after the halving event. The chart tells us that the majority remain optimistic and decide to stay holding rather than get tempted by the price.
What I expect this month is more on the recovery after the short drop but I don't think it able to reach far $70k. While we were surprised about the drop, some also took this as an opportunity to buy which is why the price stopped falling instead, we see it rising again now.
This month may not be the bullish month of the year but I believe, it is all gonna be positive.
month of may has always been rather negative month for bitcoin so there's no overwhelming expectation for this month to be honest, just a recovery is already suffice, it might serve as a good starting point for future bullrun if the recovery could at least get bitcoin back to around price above $65k its already good enough.
i'm expecting that this 3 months gonna be turbulent months for bitcoin in retaining its price, much more like a market trying to determine what the direction it gonna takes whether its bearish or full blown bullish we don't know for sure, the target of $100k is massive but big instutions now starting to invest big in bitcoin ETF such as the recent news about asset manager hightower buying $68m bitcoin ETF.
probably other institutional investors gonna follow if bitcoin could successfully retain its price around this turbulent month.
end of the year is where many people here seem to expect that bitcoin finally getting near $100k target.
since maybe if its right now its too early.