The final time BTC was so deep within the pink month-to-month was through the 2018 bear market.
It is exhausting to think about now that only a few months in the past, bitcoin was driving excessive, buyers have been hopeful about ‘Uptober,’ and the bulls dominated the market.
In that not-so-distant previous, the cryptocurrency was buying and selling confidently inside a six-digit worth territory, and had simply printed a brand new all-time excessive above $126,000. The group was full of recent predictions about $150,000 or $200,000 by the top of the yr, based mostly on historic performances.
The Month-to-month Closures in Pink
The fact, although, was totally different. And brutal. As an alternative of going to these ranges, BTC nosedived on October 10/11 in a $19B-wipeout, and the development turned for the more serious because the cryptocurrency was by no means truly in a position to get better from that crash. In reality, bitcoin ended 2025 within the pink for the primary time in a post-halving yr.
2026 started with extra hopes of a rebound and a renewed run, however they have been halted mid-month when BTC was stopped at $95,000 and pushed south exhausting. It was first pushed under $90,000, however that was just the start because the losses stored coming.
It dumped to $81,000 throughout final week, bounced off to $84,000, solely to be rejected on Saturday. Within the span of simply a number of hours, bitcoin’s calamity worsened, and it slumped to roughly $75,000, leaving billions price of liquidations. This meant that it had misplaced $20,000 in lower than two weeks.
Knowledge from CoinGlass reveals that bitcoin closed January with a ten.17% loss, though it rebounded barely from that low. This made it the fourth consecutive month closed within the pink and the worst since November.
What Bull Market?
Most crypto analysts have been break up since October on whether or not the continuing market section is definitely a bull market. However the information from above clearly demonstrates that BTC’s habits is extra in step with the way it performs throughout bear cycles. In spite of everything, the final time it had 4 or extra consecutive months within the pink was on the finish of 2018 and starting of 2019.
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On the time, BTC was digging new lows time and time once more, earlier than it lastly bottomed in January after the sixth month within the pink in a row. If historical past is to repeat itself now, the cryptocurrency has extra room for losses earlier than it lastly phases a notable restoration because it did seven years in the past.
Nonetheless, the sunshine on the finish of the tunnel reveals that bitcoin could be due for a extra favorable Q2 and Q3 if we depend on historical past. If we do not, excellent news may come as quickly as February, as most analysts agree that the four-year cycle has been damaged and BTC now operates in a unique method.
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