Bitcoin closed April with an 11.87% monthly gain, its strongest performance in a year, though analysts are split on what comes next.
Coin Bureau founder Nic Puckrin reacted to the close on X:
“Long way to go back to ATHs, but good to see some green.”
The April return marked Bitcoin’s best month since April 2025, when it gained 14.08%, but still came in slightly below its historical April average of 12.98%, according to CoinGlass data.
Crypto trader Daan Crypto Trades noted the broader context:
“April is done. May is here. After 5 consecutive red monthly candles, Bitcoin has now closed 2 in the green, causing some relief in the market.”
Still deep in the drawdown
Despite the strong monthly close, bitcoin is trading around $78,190 — roughly 38% below its all-time high of $125,100 set in October.
The Crypto Fear & Greed Index posted a “Fear” reading of 39 on Friday, suggesting investors remain cautious despite the recent green candles.
Historically, May has delivered average returns of around 7.78% for bitcoin, according to CoinGlass, giving bulls reason for optimism heading into the new month.
Analysts divided on what comes next
CryptoQuant warned that the April rally was driven mainly by futures traders rather than structural demand, flagging the risk of a multi-month price decline.
Others are more optimistic.
MN Trading Capital founder Michael van de Poppe argued bitcoin may not need a fresh catalyst to reclaim the $100,000 level, which it has not traded above in nearly five months.
Van de Poppe said on X:
“There doesn’t need to be a narrative that pushes the price upwards.”
The last time bitcoin traded at $100,000 was November 13, just a month after a $19 billion crypto market liquidation event on October 10.
