Bitcoin steady at $94,000 as april rally targets 13% monthly gain
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Bitcoin traded flat around $94,000 early Monday, consolidating after a robust rebound in April that positions it for a 13% monthly gain. This marks a significant reversal after a challenging first quarter, during which Bitcoin fell 25% from peak to trough, shaking bullish sentiment and putting pressure across the crypto market.
The April performance stands out as Bitcoin’s best month of 2025 so far, underpinning a stronger start to the second quarter. A recovery in risk appetite, a weakening US dollar, fading concerns over aggressive tariff measures, and renewed optimism surrounding crypto's role in the broader macroeconomic landscape have all contributed to the rally. Despite ongoing headline risks — including US-China trade tensions, Federal Reserve policy uncertainty, and shifting rate expectations — Bitcoin has shown resilience, buoyed by consistent demand from institutional and retail investors positioning the asset as a hedge in an unstable macro environment.
From a technical standpoint, $94,000 has emerged as a consolidation zone. A decisive break above $95,000 could pave the way for a retest of the $98,000-$100,000 resistance area, a key psychological and technical target for bullish traders that has remained elusive since late February.
In contrast, Ethereum continues to struggle. ETH prices dropped to a two-year low of $1,383 during April before recovering slightly to around $1,790. Nevertheless, Ethereum is on track for its fifth consecutive monthly decline, posting a near 1% loss in April and erasing approximately 56% of its value over the past five months.
In conclusion, while Bitcoin’s structure remains constructive with potential for further upside toward the $100,000 psychological level, broader crypto market sentiment remains cautious, with Ethereum’s persistent weakness highlighting ongoing divergences across major digital assets.
The April performance stands out as Bitcoin’s best month of 2025 so far, underpinning a stronger start to the second quarter. A recovery in risk appetite, a weakening US dollar, fading concerns over aggressive tariff measures, and renewed optimism surrounding crypto's role in the broader macroeconomic landscape have all contributed to the rally. Despite ongoing headline risks — including US-China trade tensions, Federal Reserve policy uncertainty, and shifting rate expectations — Bitcoin has shown resilience, buoyed by consistent demand from institutional and retail investors positioning the asset as a hedge in an unstable macro environment.
From a technical standpoint, $94,000 has emerged as a consolidation zone. A decisive break above $95,000 could pave the way for a retest of the $98,000-$100,000 resistance area, a key psychological and technical target for bullish traders that has remained elusive since late February.
In contrast, Ethereum continues to struggle. ETH prices dropped to a two-year low of $1,383 during April before recovering slightly to around $1,790. Nevertheless, Ethereum is on track for its fifth consecutive monthly decline, posting a near 1% loss in April and erasing approximately 56% of its value over the past five months.
In conclusion, while Bitcoin’s structure remains constructive with potential for further upside toward the $100,000 psychological level, broader crypto market sentiment remains cautious, with Ethereum’s persistent weakness highlighting ongoing divergences across major digital assets.