Bitcoin logs best monthly performance in 12 months during April

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Bitcoin has historically delivered an average return of 7.78% in May. Source: CoinGlass “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 often compare current monthly performance with previous months and look ahead, as many believe Bitcoin’s history tends to repeat itself. 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.” Bitcoin started April at around $66,000. Source: CoinMarketCap Market participants appear uncertain about the crypto market, according to the Crypto Fear & Greed Index, which posted a “Fear” reading of 39 on Friday, suggesting investors are still cautious. Analysts are divided on Bitcoin’s near-term outlook. Crypto analytics firm CryptoQuant warned that Bitcoin could be setting up for a multi-month price decline after a rally in April driven mainly by futures traders. Related: Bitcoin rally extends, yet BTC options price only 25% chance of $84K in May 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. Magazine: Why is Ethereum Foundation selling? BTC futures warning signs: Market Moves

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