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 greatest month-to-month efficiency since April 2025, when it gained 14%. The acquire ended a streak of 5 straight purple month-to-month candles.
“After 5 consecutive purple month-to-month candles, Bitcoin has now closed 2 within the inexperienced, inflicting some reduction out there,” crypto dealer Daan Crypto Trades wrote on X.
$BTC April is completed. Might is right here.
After 5 consecutive purple month-to-month candles, Bitcoin has now closed 2 within the inexperienced, inflicting some reduction out there.
What do you assume? Is Might going to be purple or inexperienced? https://t.co/u8IhgV8ahI pic.twitter.com/aihxkDEqQc
— Daan Crypto Trades (@DaanCrypto) May 1, 2026
Nonetheless, the April end result got here in slightly below the coin’s historic common for the month, which sits at 13%, in keeping with CoinGlass knowledge.
Bitcoin began April close to $66,000 and is presently buying and selling round $78,400 — nonetheless about 35% under its all-time excessive of $125,100, reached final October.
Analysts Cut 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 might have been constructed on shaky floor.
Supply: Coinglass
In accordance with the agency, the transfer was pushed largely by futures merchants quite than deeper structural demand, elevating the potential for a multi-month value decline forward.
On the opposite aspect of the talk, 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 carry #Bitcoin to $100K?
There doesn’t should be a story that pushes the worth upwards.
Value 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 will probably be shifting the needle for…
— Michaël van de Poppe (@CryptoMichNL) May 1, 2026
“There doesn’t should 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 provided a shorter-term take, writing merely: “We hit the bottom operating once more subsequent week.”
Historical past Factors To A Strong Might — However It’s No Assure
Based mostly on CoinGlass knowledge, Bitcoin has traditionally returned a median of seven.78% in Might, making it one of many extra favorable months on the calendar.
Some market members are leaning on that monitor file to remain optimistic. Studies 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 Unsplash, chart from TradingView
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