Bitcoin has just experienced its most successful month in the past twelve months. April brought an appreciation of 11.87%, which according to data from analytics platform CoinGlass represents the best result since April 2025. Back then, the world’s largest cryptocurrency recorded an even more significant gain – 14.08%.
However, there is one catch – despite the strong performance, this year’s April remained slightly below the historical average, which stands at approximately 12.98%. In other words, the market has come alive, but it hasn’t yet delivered anything completely unexpected.
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Two “green flags” after a series of losses
Positive sentiment among investors was also supported by the fact that Bitcoin closed its second consecutive month in the green. Before that, the market had gone through a period of five consecutive loss-making months.
“There’s still a long way back to all-time highs, but it’s good to see green numbers,” commented Nic Puckrin, founder of Coin Bureau.
A similar trend change is also highlighted by trader Daan Crypto Trades, who believes that the return to growth has brought at least some relief to the market.
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History as a guide: What will May bring?
In the crypto world, there’s a long-standing thesis that history often repeats itself. Investors therefore monitor not only current developments but also the historical returns of individual months.
According to data, May typically brings appreciation of around 8%. This raises the question of whether Bitcoin will manage to build on April’s growth or whether another cooling period will arrive.
Despite the positive development, Bitcoin remains significantly below its peaks. According to CoinMarketCap, it currently trades around $78,190, which is approximately 38% less than the all-time high of $125,100 from October.
Investor sentiment therefore remains cautious. The Crypto Fear & Greed Index shows a value of 39 points, which corresponds to the “fear” category. This means that despite the price increase, uncertainty persists and some investors remain rather reserved.
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Analysts diverge: growth or further decline?
The crucial question now is what comes next. And the answer is not clear-cut. CryptoQuant warns that April’s growth may have been driven primarily by futures contract traders. According to them, this could mean a risk of a several-month correction.
On the other side stands a more optimistic view. MN Trading Capital founder Michael van de Poppe believes that Bitcoin doesn’t even need a new strong narrative to break through the psychological barrier of $100,000 again.
“No new narrative is needed to push the price higher,” he stated, adding that the question “what will get Bitcoin back above $100,000” may in fact be unnecessary.
Bitcoin last traded above $100,000 on November 13, shortly after a significant liquidation event on the market from October 10, when position liquidations worth $19 billion occurred.
It hasn’t returned to this threshold since. However, April’s performance shows that the market is far from lifeless – and that the next more significant move may come sooner than some investors think.
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