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

BTC-0,36%

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

European Companies Build Bitcoin Treasury Strategy Diverging from MicroStrategy Model

European companies are adopting Bitcoin treasury strategies that align with local regulations, in contrast to the U.S. debt-driven model. Key players like Germany's Bitcoin Group SE and France's Capital B focus on conservative positions, facing unique market constraints.

GateNews28m ago

Underlying asset structure, yield mechanics, and the 21Shares statement

21Shares CEO Duncan Moir said in a statement: “Since our founding, we have been focused on providing a convenient digital-asset investment pathway. With this product, we extend that expertise into equity-linked investment areas tied to the Bitcoin ecosystem.” Moir also said the product “combines high yield potential with a familiar exchange-traded structure,” targeting both institutional and retail investors.

SuperCryptoWahaha666663h ago

NAT Officially Launches on SpiderPool, Enabling BTC Dual-Mining in Same Block

NAT has launched on SpiderPool, enabling dual-mining with Bitcoin without extra setup. It generates 386 million NAT per block every 10 minutes, valued at $38, with a total market cap of $38 million. The code is open-source.

GateNews4h ago

BlackRock Withdraws 3,899 BTC Worth $289.88M from Major CEX

BlackRock withdrew 3,899 BTC worth $289.88 million and 839 ETH valued at $1.95 million from a major exchange, indicating a significant move of institutional assets off the platform.

GateNews6h ago

Beijing Professor Jiang Xueqin Claims Bitcoin May Be US Intelligence Project, Community Disputes Theory

Educator Jiang Xueqin claimed Bitcoin might be linked to U.S. intelligence agencies due to its anonymous creator and technical complexity. Critics countered that Bitcoin's decentralized and open-source nature prevents centralized control.

GateNews7h ago
Comment
0/400
No comments