Bitcoin is set to secure its largest monthly gains since late 2024 if it closes at current levels.
Key points:
- Bitcoin is on track to see its best monthly performance since late 2024, narrowly beating April 2025.
- Institutional interest has returned this month, with key implications for supply dynamics.
- Multiple resistance hurdles remain, keeping traders cool on the outlook.
Bitcoin is mirroring a “green” April in 2026, with data from TradingView and CoinGlass showing BTC/USD up 14.3% and on pace for its strongest performance in nearly 18 months.
Despite ongoing geopolitical and macroeconomic uncertainty, Bitcoin has staged a strong comeback in April and is now attempting to break out of its multi-month trading range.
Trading just below $80,000, BTC/USD is roughly $20,000 above the macro lows recorded in early February.
Data from CoinGlass indicates that if the monthly close holds at current levels, Bitcoin will post its most bullish month since November 2024. So far, April’s gains slightly exceed those of April 2025, when the asset ended the month up 14.1%.
The rebound comes as U.S. equities reach fresh all-time highs and institutional capital flows back into crypto markets.
U.S. spot Bitcoin exchange-traded funds have absorbed nearly 19,000 BTC in just the past five days.
Commenting on the trend, Andre Dragosch, European research head at Bitwise, highlighted its impact on supply dynamics.
“That’s nine times the new supply in that period,” he wrote in a post on X.
“Institutional demand for #bitcoin is clearly accelerating.”
Bitcoin bulls still need to decisively break above the $80,000 level to shift the broader trend, as multiple resistance zones cluster around that range.
Traders expect a prolonged պայքար for control, noting that—by historical standards—the current bear market phase may not yet be fully over.
“$BTC has been in an uptrend during April, but it’s approaching key higher-timeframe resistance levels,” trader Daan Crypto Trades said on Thursday. “The area above $80K is where bulls need to push through to turn the higher-timeframe trend around.”
“On the downside, the immediate supports are that ~$72K region and $65K below that.”
