Bitcoin (BTC) Price Enters April on a Bullish Note With an Intraday Urge of +3%

The pioneer cryptocurrency Bitcoin entered April on a bullish note with an intraday urge of +3%. This upswing teases a price breakout above $85,000

April begins with a flicker of bullish optimism in the crypto market, showing mixed signals following a volatile Q1. Key cryptocurrency Bitcoin entered April with an intraday rally of +3%.

This upswing teases a price breakout above $85,000 and a resistance trendline of a renowned continuation pattern-suggesting an early signal of a trend reversal. But does BTC’s past performance support this rally?

Bitcoin April Surprises

As April 2025 kicks off, the crypto market shows mixed signals following a volatile Q1.

Bitcoin opened the month with a modest +2.79% gain, attempting to recover from March’s minor setback of -2.3%. However, historical trends suggest April has mainly acted as a bullish month for Bitcoin, reflecting an average +10 years return of 12.2%, while the median stands at 2.81%.

According to CoinGlass data, BTC records notable gains in years like 2020 (+34.26%) and 2017 (+32.71%), but also significant declines, such as in 2022 (-17.3%) and 2024 (-14.76%).

While the past performance alone cannot guarantee an uptrend, it could bring our focus to particular patterns and predict near-term trends.

BTC Price Eyes Major Breakout

Since January 2025, the Bitcoin price has projected a declining trend resonating with two converging trendlines of a falling wedge pattern. The chart setup is commonly spotted in an established uptrend, providing buyers with the necessary breakout to recuperate bullish momentum.

With today’s price jump, the BTC price teases a bullish breakout from the 200-day EMA slope and resistance trendline of the aforementioned resistance trend. A successful flip of the overhead resistance into support will bolster a rally to $99,860, followed by a chase toward a new high.

Alternatively, if the sellers continue to defend the resistance trendline with overhead supply, the BTC price could enter another correction trend potentially targeting a drive below $75,000.