What Bull Market? Bitcoin Closes 4 Consecutive Months in the Red
It’s laborious to think about now that only a few months in the past, bitcoin was driving high, traders 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 value territory, and had simply printed a brand new all-time high above $126,000. The group was full of recent predictions about $150,000 or $200,000 by the finish of the yr, based mostly on historic performances.
The Monthly Closures in Red
The actuality, although, was completely different. And brutal. Instead of going to these ranges, BTC nosedived on October 10/11 in a $19B-wipeout, and the pattern turned for the worse as the cryptocurrency was by no means really in a position to get better from that crash. In truth, bitcoin ended 2025 in the purple for the first 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 laborious. It was first pushed under $90,000, however that was simply the starting as the losses stored coming.
It dumped to $81,000 throughout final week, bounced off to $84,000, solely to be rejected on Saturday. In 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.
Data from CoinGlass exhibits that bitcoin closed January with a ten.17% loss, though it rebounded barely from that low. This made it the fourth consecutive month closed in the purple and the worst since November.
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What Bull Market?
Most crypto analysts have been split since October on whether or not the ongoing market part is definitely a bull market. But the knowledge from above clearly demonstrates that BTC’s habits is extra in line with the way it performs throughout bear cycles. After all, the final time it had 4 or extra consecutive months in the purple was at the finish of 2018 and starting of 2019.
At the time, BTC was digging new lows time and time once more, earlier than it lastly bottomed in January after the sixth month in the purple 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.
Nevertheless, the mild at the finish of the tunnel exhibits that bitcoin is perhaps due for a extra favorable Q2 and Q3 if we depend on historical past. If we don’t, excellent news may come as quickly as February, as most analysts agree that the four-year cycle has been broken and BTC now operates in a unique method.
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