Analysis: Bitcoin ends its 5-month streak of decline and turns upward. In April, the critical bullish and bearish range may lock in the $70,000 level.

Odaily · 2026-04-01T13:01:00+00:00

Bitcoin closed March with an increase of about 2%, ending a five-month losing streak, and the market is watching for a possible trend reversal. Historical data shows that such shifts are often accompanied by strong rebounds, and some analysts believe that current prices may be near the bottom. Although April has mostly seen gains, the probability of a decline after recent rises has increased, and the short-term trend remains uncertain. The key resistance zone above the price is between $69,000 and $70,000.

Odaily

2026-04-01 13:01:00

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Odaily Planet Daily News: Bitcoin ended March up about 2%, ending a streak of five consecutive months of declines. This is the first return to positive after the longest losing streak since 2018, and the market is watching for signals of a trend reversal. Historical data shows that after multi-month declines, a shift to gains is often accompanied by a strong rebound. In 2019, after a stretch of consecutive declines, Bitcoin saw a rally of about 300%. Some analysts believe this round may have already bottomed out on a temporary basis around the $60,000 level.

However, seasonal patterns suggest divergence in April: since 2013, April has seen gains most of the time, but in recent years, after March closes higher, the probability of April turning lower has increased. The near-term direction remains uncertain. On the price level, current BTC is trading around $68,000. The $69,000 to $70,000 range above acts as a key resistance zone, with further attention on the $70,000 to $72,000 supply zone. If there is an effective breakout, it could push up toward $76,000 and even $80,000; conversely, if it faces rejection, the market may continue in a range-bound pattern. (Cointelegraph)

BTC1,83%

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