Driven by Institutional Inflows and Spot Bitcoin ETFs, Bitcoin (BTC) Price Predictions Are Heating Up as the Asset Surged Past the $106K Mark

Bitcoin price predictions are heating up as the asset surged past the $106K mark, driven by institutional inflows and spot Bitcoin ETFs.

Institutional inflows and upbeat outlooks on Bitcoin (BTC) ETFs have been driving a surge in the flagship cryptocurrency. As the asset trades past the $106K mark, speculation is heating up about more bullish price predictions for May.

In addition to BTC’s bullish momentum, another crypto project is making waves with its impressive presale performance. JetBolt (JBOLT) has already sold over 350 million tokens and raised over $3.2 million.

Can Bitcoin Set New Highs in May?

After bottoming at $74,773.26 on April 7th and struggling to sustain the $100K level throughout last month, Bitcoin (BTC) maxis rejoiced when the leading crypto asset finally broke out.

After hitting a low of $99,488 on May 19th, BTC quickly rallied past the $106K handle once again. At the time of writing on May 20th, it's trading at $106,308. However, will BTC be able to set new highs in May?

Bitcoin price predictions are heating up as the asset showcases strength in burning through key resistance levels.

A major contributor to BTC’s recent breakout can be attributed to the surge in ETF inflows. As industry leaders like Michael Saylor highlight, this signals a shift in market behavior.

Instead of short-term traders, it's institutions and long-term holders who are largely driving Bitcoin’s price action. This supports the idea of Bitcoin as a maturing asset class with a potentially more viable future.

With capital inflows increasing and Bitcoin’s market dominance also rising to 59.6%, could the bold price prediction of a surge beyond $110,000 come to fruition?

Crypto analyst Bluntz pointed out a bearish divergence on BTC’s daily chart, which could slow down bullish price projections of hitting a new all-time high this week.

This divergence occurs when the price keeps rising while RSI displays weaker momentum—suggesting possibly waning buying pressure.

However, Bitcoin analyst Matthew Hyland noted that for bulls to gain the upper hand, BTC’s price must keep pushing higher.

At present, Bitcoin is trading just 2.3% below its previous all-time high of $108,786, reached in January. This fuels speculation that setting new highs in May will depend on BTC’s ability to hold support above the $107K zone.

JetBolt (JBOLT) Celebrates Selling Over 350 Million Tokens

Amid the buzz of Bitcoin price predictions and crypto trends, another project is making waves in the crypto sphere.

JetBolt (JBOLT) is rapidly approaching the next stage of its presale journey, having already achieved a remarkable milestone.

Having sold over 350 million tokens and raised over $3.2 million in presale funds, JetBolt is fast approaching the next stage of its journey.

The project’s strong presale performance is a testament to its unique technology and the growing hype surrounding it.

What Contributes to JetBolt’s Appeal?

JetBolt stands out for offering zero-gas transactions. This means users can make transactions on the blockchain without incurring any gas fees, which is a significant barrier to everyday use of Web3.

In addition to seamless transactions, JetBolt is also focused on simplifying the crypto experience. Its AI-driven market intelligence tool aggregates and prioritizes relevant news articles and social media posts based on public sentiment.

This allows users to stay informed without being overwhelmed by a cluttered feed or needing to switch between multiple tabs for different types of content.

Furthermore, JetBolt’s interactive staking model offers an engaging way for users to maximize their earnings potential.

Unlike traditional staking, which provides a fixed return rate, JetBolt’s staking system is designed to encourage active participation in the ecosystem.

The more actively an individual participates in the ecosystem, the more chances they have to earn additional tokens. This creates a win-win scenario where users benefit from engaging with the project and the project thrives on community involvement.

Presale Perks

For those joining the presale, there are exclusive Alpha Boxes offering up to 25% bonus tokens for those making larger contributions.

These limited-time offers, combined with the daily price increase and the fact that JetBolt’s ecosystem will be fully functional from day one, make its presale feel less like a gamble and more like a strategic opportunity.

JetBolt is pushing the boundaries of what’s possible with early crypto projects, merging innovative technologies with real-world usability.

With cutting-edge features like its zero-gas transactions and AI-powered market intelligence tool, and a presale momentum that shows no signs of slowing down, JetBolt is setting the stage for a future filled with possibilities.

Those interested in learning more about JetBolt’s journey and joining the pres