Bitcoin prices held steady at the end of April, with seasonal trends supporting a bullish outlook

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CryptoWorld News: Bitcoin price at the end of April was $76,204.87.
Although in a defensive stance, seasonal trends suggest the pullback may be short-lived, and prices could rebound in the coming weeks.
Data shows that since 2013, May has generally been a bullish month for Bitcoin, with 7 out of the past 13 years seeing gains, averaging around 8%.
April’s gains were about 10%, and seasonal patterns imply the overall upward trend may continue.
Recently, spot ETFs listed in the U.S. have experienced consecutive net inflows, indicating strong institutional demand, with net inflows exceeding $1.8 billion this month, following $1.32 billion in March.
Nansen research analyst Jake Kennis stated that Bitcoin failed to hold above $78,000 and retreated to $75,000, as the market digests signals of “high-level persistence,” lacking liquidity catalysts, and appears to be in a range-bound oscillation.
Global economic risks should not be overlooked either, as energy analyst Anas Alhajji warned that the Iran war and disruptions in energy markets could weigh on the global economy in May.

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