71% of Traders Bet Bitcoin Hits New ATH by May—Time to Trust the Crowd?

Bitcoin’s rollercoaster ride has traders placing bold bets—nearly three-quarters predict a return to peak prices before June. But in a market where ’irrational exuberance’ is practically a business model, should we bank on consensus?

The crypto faithful are doubling down, but remember: herd mentality built the Tulip bubble too. Will this time be different—or just another case of hopium masquerading as analysis?

How High Is Bitcoin Priced At Now?

At the time of writing, BTC was trading at $107,935.88. This comes after a 2.29% rise over the past 24 hours. The asset’s latest rise has pushed its monthly gains to 23%. Currently, Bitcoin is only 1% below its all-time high of $109,114.88. BTC reached this peak about four months ago in January 2025.

The chances of the asset reclaiming its current high and recording a new peak are rather high. Despite this, several members of the cryptocurrency community remain skeptical. Bitcoin’s fate is currently uncertain.

The Majority of Investors Are Optimistic

According to a recent survey by Santiment, the world’s largest cryptocurrency is expected to breach its peak by the end of this month. The firm asked its followers,In response, over 71.2% of respondents predicted that by the end of May, bitcoin would be able to reclaim its peak. 16.1% of people think that by the end of 2025, Bitcoin might reach its all-time high. There were also some naysayers in the survey. 9.3% emphasized that such a feat could never be accomplished by the king coin. But, 3.4% of them predicted that this would happen in 2026 or later.

Bitcoin has now breached $107K. When will its market value breach the $109,026 all-time high from Jan. 20, 2025?