Analyst: April could be a key observation period for Bitcoin; the RSI is in the neutral range, and volatility may rise

BTC1,36%

Gate News message: On April 1, according to independent analyst Markus Thielen’s daily chart, historical data shows that April is usually a relatively bullish month for Bitcoin. Over the past 10 years, the average monthly gain has been about 11.3%, but this pattern has become increasingly unstable since 2020. When momentum is higher at the beginning of the month, it often leads to increased volatility during the month, with no clear direction.

Currently, BTC RSI (the Relative Strength Index, a technical indicator that measures price momentum) has fallen to 47%, placing it in a neutral range. The starting conditions are relatively mild.

However, rising geopolitical uncertainty and growing inflation concerns continue to disrupt market sentiment and prompt investors to reassess the policy path of major central banks. Compared with the range-bound action in March, April’s volatility may increase somewhat. Analysts note that April will be a key observation window: focus on whether prior downward pressure can gradually ease and whether the market can establish clearer directional signals.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

BTC breaks below 76000 USDT

Gate News bot message, Gate market data shows that BTC has broken below 76000 USDT, current price is 75996.9 USDT.

CryptoRadar4m ago

Goldman Sachs Files Bitcoin Income ETF Using Options Strategy

Goldman Sachs proposed a Bitcoin-focused income ETF that avoids direct Bitcoin holdings, using linked ETFs and options strategies for income. This filing reflects increased competition in the crypto investment space among major firms.

CryptoFrontNews31m ago

Bitcoin ETFs Record $663.9M Inflows, Strongest Day Since Mid-January

Bitcoin ETFs saw $663.9 million in inflows on April 18, indicating renewed institutional confidence and a shift in market sentiment. This trend suggests sustained interest in Bitcoin as investors seek to diversify their portfolios.

GateNews1h ago

Bitcoin Ownership Surpasses Gold Among Americans for the First Time

More Americans now own Bitcoin than gold, highlighting a significant shift in asset preferences as Bitcoin's popularity surges. U.S. entities dominate global Bitcoin holdings, and institutional adoption is accelerating, with major firms entering the market and legislation potentially enhancing Bitcoin's legal status.

GateNews2h ago

Bitcoin Price Outlook Shifts as Iran Toll Demand Revives $1M Target Talk

Iran Bitcoin toll revives debate on crypto as global payment infrastructure Geopolitical tensions push Bitcoin beyond store-of-value into currency role Institutional adoption and flows strengthen long-term million-dollar Bitcoin narratives Bitcoin price outlook has shifted again after fr

CryptoNewsLand2h ago

MicroStrategy Proposes Semi-Monthly Dividends for STRC to Improve Liquidity and Stabilize Stock Price

MicroStrategy has proposed changing its STRC preferred stock dividends from monthly to semi-monthly to enhance liquidity and stabilize stock prices, maintaining an 11.5% annual yield. Concerns about this structure have been raised by Bitcoin critic Peter Schiff.

GateNews4h ago
Comment
0/400
No comments