BIT: Bitcoin Closes Higher for Two Consecutive Months, Market Momentum Shows Signs of Recovery
2026-04-29 09:13
Odaily Planet Daily News BIT releases today's chart analysis. Bitcoin has weakened for five consecutive months after hitting an all-time high in October 2025, ending its previous downtrend with positive gains in March. April is on track to record its strongest single-month gain since April 2025, and is expected to close higher for the second consecutive month.
It believes that two consecutive positive monthly closes signal a degree of recovery, indicating improved market sentiment and price momentum compared to the previous period. If combined with the typically strong seasonal performance from May to July, Bitcoin's trajectory could gain further support.
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