Can Bitcoin Still Lock in its Best Monthly Gains Since April 2025?
Cointelegraph
Bitcoin eyes its best monthly gains since April 2025 despite a negative Coinbase Premium and bearish outlook.Summary
Bitcoin (BTC) has rebounded above $76,000, potentially securing its best monthly gains since April 2025, despite short-term bearish sentiment. The Coinbase Premium Index has turned negative, indicating lower demand during US trading hours, which historically has preceded price drops, as seen in January when a similar situation led to new macro lows. Analysts warn that Bitcoin's price action is at risk of repeating a bear flag breakdown. However, April's monthly close is still projected to show significant gains for Bitcoin, marking its best performance in a year, even as some traders remain cautious about a long-term bottom and suggest potential price targets around $65,000.
(Source：Cointelegraph)