Bitcoin surged past $77,000 in late April after posting its strongest monthly advance of 2026, reversing a difficult start to the year. After falling 22.2% in the first quarter, the cryptocurrency climbed 11.87% in April, marking its first back-to-back monthly gains since May 2025.
The rally was supported by heavy demand for spot Bitcoin ETFs, which attracted $2.44 billion in net inflows during the month. Broader market strength also helped sentiment, with U.S. equities advancing sharply and the S&P 500 rising 11.51%.
Market participants say the renewed momentum could carry Bitcoin toward the $79,000 level and possibly higher. Still, some analysts are cautioning that the $78,000 to $80,000 range may act as a strong resistance zone, with a short-term pullback into the low $70,000s still possible if buyers lose steam.
Bitcoin’s latest move has revived confidence among traders, who now see signs that the market may be entering a stronger phase after an uneven first quarter.
