Bitcoin achieved its highest monthly performance of the last year in April, and attention in the market turned to the potential of May. This rise of Bitcoin, known as the leading name in the cryptocurrency market, has also reshaped analysts’ future expectations. Looking at historical data, Bitcoin provides an average return of 8% in May.
The green picture in April gave the markets a breath of fresh air
The 11.87% rise recorded at the end of April marked Bitcoin’s best month in the last 12 months. According to CoinGlass data, although this figure was slightly below the record of 14.08% in April 2025, it was also slightly behind the historical April average of 12.98%. The recovery atmosphere in the market was reflected in the following statements by Nic Puckrin, the founder of Coin Bureau, in his evaluation on the X platform:
“We have a long way to go to all-time highs, but at least the chart is back in the green.”
According to statistics provided by CoinGlass, Bitcoin has historically offered an average return of 7.78% in May.
The perception in crypto markets turned from red to green again, which gave traders morale. Experienced crypto investor Daan Crypto Trades drew attention to the different colorful closings in a row in his post on social media:
“April is over, May is here. After five consecutive months of red candles, Bitcoin closed green for two months in a row. This brought some relief to the market.”
Expectations are again tied to historical cycles
Cryptocurrency users prefer to constantly compare the present with historical data regarding Bitcoin’s monthly return. This approach indicates that there is a strong belief that history is repeating itself in Bitcoin’s price movements.
According to CoinMarketCap data, Bitcoin was trading at $66,000 at the beginning of the year and is currently at $78,190, about 38% below its record high of $125,100 in October. Analyst Jelle suggested that activity in the market will accelerate again next week.
Market sentiment remains cautious. The Crypto Fear and Greed Index showed a reading of 39 on Friday, indicating the “Fear” level. This chart shows that crypto investors remain cautious.
Disagreement among analysts: Decline or new records?
There is no consensus among analysts regarding the short-term future of Bitcoin. Crypto analysis company CryptoQuant warned that the main source of the rise in April was futures investors and that there may be a decline in prices in the coming months.
On the other hand, there are also those who are bullish on the market. Michael van de Poppe, founder of MN Trading Capital, thinks that there is no need for a special story or catalyst for Bitcoin to rise above the psychological $100,000 level. Van de Poppe used the following statements in his post on X:
“There is no need for a special story to push the price up.”
Bitcoin last traded at $100,000 on November 13. This date coincides with the immediate aftermath of the massive $19 billion market liquidation that occurred on October 10.
