- Bitcoin posted its best monthly return in a year for April, gaining nearly 12%.
- Historical data suggests May has delivered an average return of about 8% for Bitcoin.
- Analysts remain divided on the near-term outlook despite the recent positive momentum.
Bitcoin concluded its best-performing month in a year during April, delivering an 11.87% gain that sparked analyst speculation for the historically positive month of May. According to CoinGlass data, April’s return was Bitcoin’s strongest since April 2025, though it slightly trailed the historical April average of 12.98%.
Consequently, market participants are now looking ahead to May, which has historically provided average returns of 7.78%. However, the market still shows signs of caution, with the Crypto Fear & Greed Index reading “Fear” at 39 as of Friday.
This uncertainty is reflected in a divided analyst community. “Long way to go back to ATHs, but good to see some green,” Coin Bureau founder Nic Puckrin said in an X post on Friday.
Meanwhile, crypto trader Daan Crypto Trades noted the shift in momentum, stating on X that Bitcoin has now closed two monthly candles in the green after five consecutive red ones. The price currently sits at $78,190, according to CoinMarketCap, which is roughly 38% below its all-time high of $125,100 from October.
Analysts hold contrasting views on the path forward. Crypto analytics firm CryptoQuant warned that April’s rally, driven mainly by futures traders, could precede a multi-month decline.
In contrast, MN Trading Capital founder Michael van de Poppe offered a more bullish perspective. He recently argued that Bitcoin may not need a new catalyst to reclaim $100,000, a level it hasn’t traded at since November 13, saying, “There doesn’t need to be a narrative that pushes the price upwards.”
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