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.

MeNews · 2026-04-08T07:09:42+00:00

ME News Report, April 1 (UTC+8): Bitcoin closed March with an approximately 2% gain, ending a five-month consecutive decline. This marks the first positive month since the longest losing streak since 2018, with market attention on potential trend reversal signals. Historical data shows that similar multi-month declines followed by a rebound often lead to strong recoveries. In 2019, after a continuous decline, Bitcoin experienced a roughly 300% increase. Some analysts believe that this cycle may have already bottomed out around $60k. However, seasonal patterns indicate mixed signals for April: since 2013, April has mostly been a bullish month, but in recent years, the probability of a decline in April has increased after a March rally. The short-term trend remains uncertain. In terms of price levels, Bitcoin is currently trading around $68k, with key resistance zones at $69k to $70k. Further upward targets include the $70k to

MeNews

2026-04-08 07:09:42

ME News update, on April 1 (UTC+8), Bitcoin ended March up about 2%, putting an end to five consecutive months of declines. It marked the first positive monthly close since the longest losing streak period since 2018, and the market is watching for signals of a trend reversal. Historical data show that turning from multi-month declines into gains is often accompanied by a strong rebound. In 2019, after a stretch of continuous declines, Bitcoin saw a rise of about 300%. Some analysts believe this cycle may have already reached a temporary bottom around $60k. However, seasonal patterns suggest disagreement about April’s outlook: since 2013, April has seen more upward months for most of the time, but in recent years, after March closes higher, the probability of April turning lower has increased. The short-term direction remains uncertain. On the price level, BTC is currently trading near $68k. The range from $69k to $70k above acts as a key resistance zone, and further up, attention turns to the $70k to $72k supply area. If there is a decisive breakout, it could test $76k and even $80k; otherwise, if it faces pressure, the market may continue the sideways trading pattern. (Source: ODAILY)

BTC4.77%

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