Concern nonetheless hangs over the crypto market at the same time as Bitcoin closed April with its strongest month-to-month acquire in 12 months. The Crypto Concern & Greed Index registered a studying of 39 on Friday — firmly in “Concern” territory — an indication that many traders stay cautious regardless of the month’s upbeat end.
Two Inexperienced Candles After A Lengthy Dry Spell
Bitcoin returned 12% in April, its finest month-to-month efficiency since April 2025, when it gained 14%. The acquire ended a streak of 5 straight crimson month-to-month candles.
“After 5 consecutive crimson month-to-month candles, Bitcoin has now closed 2 within the inexperienced, inflicting some aid available in the market,” crypto dealer Daan Crypto Trades wrote on X.
$BTC April is finished. Might is right here.
After 5 consecutive crimson month-to-month candles, Bitcoin has now closed 2 within the inexperienced, inflicting some aid available in the market.
What do you suppose? Is Might going to be crimson or inexperienced? 👇 https://t.co/u8IhgV8ahI pic.twitter.com/aihxkDEqQc
— Daan Crypto Trades (@DaanCrypto) Might 1, 2026
Nonetheless, the April outcome got here in just under the coin’s historic common for the month, which sits at 13%, in accordance with CoinGlass knowledge.
Bitcoin began April close to $66,000 and is at present buying and selling round $78,400 — nonetheless about 35% beneath its all-time excessive of $125,100, reached final October.
Analysts Break up On What Occurs Subsequent
With Might now open, market watchers are divided on the place Bitcoin goes from right here. Crypto analytics agency CryptoQuant issued a warning that the April rally could have been constructed on shaky floor.
Supply: Coinglass
In keeping with the agency, the transfer was pushed largely by futures merchants quite than deeper structural demand, elevating the potential of a multi-month worth decline forward.
On the opposite aspect of the controversy, MN Buying and selling Capital founder Michael van de Poppe argued that Bitcoin doesn’t want a headline-grabbing catalyst to push again previous $100,000.
What narrative will deliver #Bitcoin to $100K?
There doesn’t have to be a story that pushes the worth upwards.
Worth strikes upwards, and the narrative will create itself.
At this level, it doesn’t really feel like there’s ever a story once more that might be shifting the needle for…
— Michaël van de Poppe (@CryptoMichNL) Might 1, 2026
“There doesn’t have to be a story that pushes the worth upwards,” he wrote on X Friday. Bitcoin final traded above $100,000 on November 13 — a couple of month after a $19 billion crypto market liquidation occasion on October 10.
Crypto analyst Jelle supplied a shorter-term take, writing merely: “We hit the bottom working once more subsequent week.”
Historical past Factors To A Stable Might — However It’s No Assure
Based mostly on CoinGlass knowledge, Bitcoin has traditionally returned a mean of seven.78% in Might, making it one of many extra favorable months on the calendar.
Some market individuals are leaning on that observe document to remain optimistic. Stories point out that many merchants consider Bitcoin’s historic patterns are likely to repeat, although analysts have lengthy cautioned that previous efficiency in crypto markets carries no actual predictive weight.
Featured picture from MetaAI, chart from TradingView
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