Bitcoin snaps five-month slide; April focus shifts to $70K ceiling

Bitcoin posted a roughly 2% gain in March, breaking a five-month streak of monthly declines and marking its first positive monthly close after the longest sustained downturn since 2018, Cointelegraph reported. The rebound has revived debate over a potential trend shift. Historical patterns suggest that rallies can follow prolonged drawdowns: in 2019, a similar multi-month decline preceded an advance of about 300%. Some analysts say this cycle may have already set a "stage" bottom near $60,000. April seasonality is less clear. Since 2013, April has typically delivered gains, but in recent years the odds of a pullback have increased when March ends higher, leaving the near-term outlook uncertain. BTC is trading around $68,000. The first key resistance sits at $69,000–$70,000, with additional supply seen in the $70,000–$72,000 zone. A sustained breakout could open the door to $76,000 and potentially $80,000. Failure to clear those levels could keep prices in a range.