• Bitcoin’s monthly losses break records, but history says a turnaround is brewing Bitcoin is on course to lock in another negative month, but one analyst says major differences in the current market structure could be a sign of a pending trend reversal. • Cointelegraph in your social feed Bitcoin (BTC) is forming what may prove to be a fifth consecutive red monthly candle, which would be the longest losing streak since 2018. • The silver lining is that data suggests that March may prove to be a profitable month for BTC. • Previous multimonth downtrends were followed by 300% price gains Historical price data fromCoinGlassconfirms Bitcoin is now facing its fifth consecutive red month, down 15% this month after closing the previous four months in the red. • The last time this happened was in 2018, when it entered a bear market after reaching record highs in 2017. • “Last time this happened was in 2018/19 when we saw 6 red months,” analysts at macro investor outlet Milk Roadsaidin an X post on Thursday.
Article Summaries:
- Bitcoin is currently on a potential fifth consecutive red monthly candle, the longest losing streak since 2018, with a 15% decline this month. Historical analysis from CoinGlass and Milk Road suggests that such a streak often precedes a sharp rebound, citing a 316% gain over the following five months after the 2018‑19 red months. However, quarterly and weekly data from 2022 show that multi‑month downtrends can persist longer, with BTC losing 64% in 2022. Analysts note the current bear phase differs from past cycles, warning that a reversal may not mirror previous patterns. The market remains uncertain, with some predicting a 2026 bear year.
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