Bitcoin ended March with a 2% gain, marking its first positive monthly close in six months. This follows the longest losing streak since 2018.
Historical trends suggest such reversals often precede strong recoveries. In 2018/2019, a similar pattern led to over 300% gains in five months.
Bitcoin now faces resistance near $70,000-$72,000, aligning with key trend lines and cost-basis zones. Traders are watching for breakout signals.
A break above this level could push prices toward $76,000 and possibly $80,000. Support levels lie at $68,300 and $59,400, with the realized price near $54,000 acting as a long-term benchmark.
Analysts note April historically brings mixed results, but recent momentum may fuel continued upside.