Bitcoin's May Highs and Predictions for Future Growth.

Bitcoin (BTC) reached a new May high of $29,529 on Bitstamp, with traders eyeing a potential breakout above $30,000. The recent US banking crisis, which has impacted several regional banks, has caused market jitters and shaped observer sentiment. The Federal Reserve's recent interest rate hike has led to market expectations predicting an end to the hiking cycle. Traders are optimistic about BTC's upside continuation, with some setting more conservative levels to return as support.