April Marks Bitcoin's Strongest Monthly Gains in One Year
In April, Bitcoin achieved its most impressive monthly returns in 12 months, recording an 11.87% increase that fell marginally short of the month's long-term historical average.
The flagship cryptocurrency has achieved its strongest monthly showing in 12 months, leading market observers to speculate on what May might bring, given the month's historical track record of delivering approximately 8% gains.
"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, referring to Bitcoin's (BTC) performance during the month of April, which saw a monthly return of 11.87%.
The monthly gain represented Bitcoin's strongest performance since April 2025, a month that saw returns of 14.08%. Nevertheless, the figure remained marginally beneath the cryptocurrency's long-term historical April average of 12.98%, data from CoinGlass shows.
"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," crypto trader Daan Crypto Trades said in an X post on Friday.
Market participants hold the belief that history repeats
Those active in the market frequently analyze current monthly results against historical data and project forward, operating under the widespread belief that Bitcoin's historical patterns have a tendency to recur.
Bitcoin is trading at $78,190, about 38% down from its October all-time high of $125,100, according to CoinMarketCap. Crypto analyst Jelle said, "We hit the ground running again next week."
There appears to be ongoing uncertainty among market participants regarding the direction of the cryptocurrency market, as evidenced by the Crypto Fear & Greed Index, which registered a "Fear" score of 39 on Friday, indicating continued caution among investors.
Bitcoin analysts are divided on what comes next
Market analysts remain split when it comes to Bitcoin's short-term trajectory. Crypto analytics firm CryptoQuant issued a warning suggesting Bitcoin could be positioning itself for a price decline spanning multiple months following April's rally, which was predominantly fueled by futures traders.
Others are more bullish. MN Trading Capital founder Michael van de Poppe recently said that Bitcoin may not need a new story or catalyst to push back above the psychological $100,000 level, which it has not traded above in nearly five months.
"There doesn't need to be a narrative that pushes the price upwards," van de Poppe said in an X post on Friday, after asking, "What narrative will bring Bitcoin to $100K?"
The last time Bitcoin traded at $100,000 was Nov. 13, just a month after the Oct. 10 $19 billion crypto market liquidation event.