Bitcoin Posts Strong April Performance, Reclaims Key Price Levels
Bitcoin demonstrated notable strength in April with a **14.08% monthly gain**, outperforming historical averages. The asset staged a significant **32% recovery** from $74.5K to nearly $98K.
Key developments:
- Price consolidation above $93,340 (short-term holder cost basis)
- Reclaimed critical $95K level, former range support
- On-chain metrics show miners holding positions
- Reduced selling pressure across networks
Technical indicators and on-chain data suggest a stable foundation for potential future price movement, though outcomes remain dependent on broader macro conditions.
[Read the full analysis](https://blog.bitfinex.com/bitfinex-alpha/bitfinex-alpha-strong-april-close-sets-up-bitcoin-for-summer/)