Regardless of Bitcoin ending April with its highest month-to-month achieve in 12 months, fears stay in cryptocurrency markets. The Crypto Concern & Greed Index hit 39 on Friday, which is firmly in “concern” territory and an indication that many buyers stay cautious regardless of the upbeat finish to the month.
Two inexperienced candles after a protracted dry spell
Bitcoin returned 12% in April, its finest month-to-month efficiency since April 2025, when it returned 14%. The rise ended with 5 consecutive purple month-to-month candles rising in a row.
“After 5 consecutive purple month-to-month candles, Bitcoin has now closed its second inexperienced candle, bringing some aid to the market,” cryptocurrency dealer Daan Crypto Trades wrote about X.
$BTC April is over. Could has arrived.
After 5 consecutive purple month-to-month candles, Bitcoin has now closed two inexperienced candles, bringing some aid to the market.
What do you suppose? Is Could purple or inexperienced? 👇 https://t.co/u8IhgV8ahI pic.twitter.com/aihxkDEqQc
— Daan Cryptocurrency Buying and selling (@DaanCrypto) Could 1, 2026
Nonetheless, April’s outcomes had been barely under the coin’s historic common of 13% for that month, based on CoinGlass knowledge.
Bitcoin began close to $66,000 in April and is at present buying and selling round $78,400. That is nonetheless about 35% under the all-time excessive of $125,100 reached in October final yr.
Analysts are divided about what occurs subsequent.
Now that Could opens, market watchers are divided on the place Bitcoin will go. Cryptocurrency analytics agency CryptoQuant issued a warning that the April rally might have been constructed on shaky foundations.
Supply: Coinglass
In accordance with the corporate, the transfer was primarily pushed by futures merchants relatively than deeper structural demand, growing the probability of value declines within the coming months.
On the opposite aspect of the controversy, MN Buying and selling Capital founder Michael van de Poppe argued that Bitcoin does not want a headline-grabbing catalyst to surpass $100,000.
What story will you carry? #Bitcoin With $100,000?
There isn’t a want for a narrative to drive up costs.
Costs rise and narratives create themselves.
At this level, it seems like there’ll by no means be one other narrative that can transfer the needle…
— Michael van de Poppe (@CryptoMichNL) Could 1, 2026
“There isn’t a want to speak about elevating costs,” he wrote on X Friday. Bitcoin final traded above $100,000 on November 13, a couple of month after the October 10 occasion that liquidated the $19 billion cryptocurrency market.
Crypto analyst Jelle provided a short-term view, writing merely: “We’re again at it subsequent week.”
Historical past factors to a stable Could, however there aren’t any ensures
Bitcoin has traditionally averaged returns of seven.78% in Could, making it some of the profitable months on the calendar, based on CoinGlass knowledge.
Some market individuals are counting on this efficiency to stay optimistic. In accordance with the report, many merchants consider that Bitcoin’s historic patterns are likely to repeat themselves, however analysts have lengthy warned that the cryptocurrency market’s previous efficiency has no actual predictive weight.
Featured picture by MetaAI, chart by TradingView
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