BIT: Bitcoin closes higher for two consecutive months, showing signs of market momentum recovery

Odaily reports that in its latest chart analysis, BIT stated that after hitting an all-time high in October 2025, Bitcoin weakened for five consecutive months. It ended this downtrend with a positive return in March, and April is on track to record its strongest monthly gain since April 2025, marking its second consecutive monthly close in the green.

BIT believes that two consecutive months of closing higher signal a certain degree of recovery, indicating an improvement in market sentiment and price momentum compared to the earlier period. If combined with the typically strong seasonal performance from May to July, Bitcoin's trajectory could gain further support.