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Bitcoin Ends 5-Month Losing Run — Real Reversal Or Just April Fool’s Hype?

A cluster of roughly 650,000 Bitcoin sits on the $70,000–$72,000 worth vary — cash purchased by buyers who are actually ready to interrupt even. That provide overhang is the wall Bitcoin should climb if its March restoration goes to imply something.

Related Reading: Ripple’s RLUSD Stablecoin Sits On $1.57 Billion In Reserves: Audit Firm

A Streak That Hasn’t Been Seen Since 2018

Bitcoin closed March up 2%, snapping 5 consecutive months of losses. It was the longest such run of crimson month-to-month candles since 2018, and information from CoinGlass confirms the streak is over.

The ultimate shut places Bitcoin at roughly $68,250 as April opens, with merchants watching carefully to see whether or not the momentum holds or fades.

The final time Bitcoin strung collectively six straight shedding months was in 2018 going into early 2019. What adopted was a pointy turnaround — Bitcoin went on to put up beneficial properties exceeding 300% over the subsequent 5 months.

Some analysts are pointing to that episode as a rough blueprint for what might come subsequent. Analyst Ash Crypto referred to as the March shut “a large dose of hopium” on X, pointing to the potential shift in momentum as an indication {that a} sustained restoration could possibly be underway.

Trader Satoshi Flipper famous on X that the final time Bitcoin fell for six months straight, it climbed for the next 5. That type of historical comparison attracts consideration, although it rests on a single prior instance.

The $70,000 Zone Is The Real Test

The $70,000–$72,000 vary isn’t only a spherical quantity. It’s the place the 50-day easy transferring common, the 50-day exponential transferring common, and the fee foundation of a giant block of buyers all converge.

Data from Glassnode reveals that roughly 650,000 BTC had been acquired in that worth vary — that means a big variety of holders are underwater and prone to promote as soon as they get well their losses.

Breaking by that zone might open the door to $76,000, and probably $80,000 after that. Trader Sheldon Diedericks stated on X that Bitcoin might push up towards $83,000 on the month-to-month chart — a degree that acted as assist again in April 2025 and sits near the 200-day exponential transferring common.

If the rally stalls, the ground ranges matter simply as a lot. The 200-week exponential transferring common sits round $68,300 — just under the place Bitcoin is presently buying and selling. Below that, $59,400 marks the 200-week easy transferring common, and round $54,000 sits Bitcoin’s realized worth, a degree watched carefully as a possible bear market ground.

April Has A Mixed Track Record

Here’s the complication: April doesn’t at all times observe March’s lead. Based on information going again to 2013, Bitcoin has closed April within the inexperienced eight out of 13 years, with common returns round 12%. But 9 out of those self same 13 years, April moved in the other way from March.

More just lately, Bitcoin dropped in April after a inexperienced March shut in three of the 4 years between 2021 and 2024.

Featured picture from Meta, chart from TradingView

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