Bitcoin is on course to deliver its strongest monthly performance since late 2024 if current price levels hold into the monthly close. With roughly one week remaining, BTC is recording gains of about 14.3%, slightly surpassing April 2025, when the cryptocurrency finished the month up 14.1%.
Trading just below the $80,000 level, Bitcoin has staged a notable recovery despite ongoing geopolitical and macroeconomic pressures. The asset is now nearly $20,000 above its macro lows recorded at the start of February, marking a sharp turnaround and pushing prices toward the upper boundary of a multi-month trading range. If the monthly close remains near current levels, it would represent Bitcoin’s most bullish month since November 2024.
Institutional Demand Reshapes Bitcoin Supply Dynamics
A major factor behind the rebound has been renewed institutional participation. U.S. spot Bitcoin exchange-traded funds absorbed nearly 19,000 BTC within the past five days alone, a figure significantly exceeding newly mined supply during the same period.
Andre Dragosch, European research head at crypto asset manager Bitwise, emphasized that ETF inflows amounted to roughly nine times the new supply, signaling accelerating institutional demand and tightening available liquidity in the market.
$80,000 Resistance Remains Critical for Bullish Momentum
Despite the strong monthly trend, traders remain cautious as Bitcoin approaches heavy resistance near $80,000. Market participants expect a prolonged struggle at this level before bulls can regain full control of higher timeframes. While April has maintained a steady uptrend, a decisive move above $80,000 is necessary to confirm a broader bullish reversal and sustain long term upward momentum.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.