Rises Even Amidst War! Bitcoin's Strongest 18-Month Trend

▲ Bitcoin (BTC), War, Geopolitical Crisis / ChatGPT Generated Image ©

Although overshadowed by war and macro variables, Bitcoin is continuing a quiet rebound, creating its strongest monthly trend in 18 months.

According to investment media FXStreet on April 27 (local time), Bitcoin has maintained its upward momentum in recent weeks, recording its strongest monthly performance in approximately 18 months. However, this rebound has not received sufficient market attention, overshadowed by the Iran war issue, oil prices, and global stock market volatility.

This surge is significant because it indicates the formation of a ‘virtuous cycle’ where the price momentum itself attracts capital. The upward trend, which had been interrupted since the summer of 2025, has revived, and it is assessed that the market has entered a phase where investment inflows and price increases reinforce each other.

However, the trend among individual investors is somewhat mixed. According to IG client data, investors are maintaining a 'sell on rallies' strategy, selling Bitcoin and Ethereum throughout April, even though net long positions still dominate. Considering the relatively sluggish performance compared to other assets in recent months, this selling is interpreted as profit-taking.

The turning point for market direction depends on technical levels. If Bitcoin rises above its March-April 2025 low range again and forms a weekly closing price, there is a possibility that selling pressure will turn back into buying pressure, leading to a signal of a full-fledged uptrend reversal.

The market's future direction is expected to be heavily influenced by macro variables. This week, a 'super week' is scheduled with major central bank meetings and earnings reports from companies comprising over one-third of the S&P500 market capitalization. Additionally, the conflict between the US and Iran and the possibility of resuming negotiations are intertwined, which is expected to act as a key variable determining the overall direction of global asset markets, including cryptocurrencies.

Ultimately, while Bitcoin's rebound is alive, its sustainability depends on geopolitical risks in the Middle East and the global financial environment, according to analysis.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*