Crypto: Bitcoin’s Monthly Losses Break Records, But History Says A...

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.

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.

Historical price data from CoinGlass confirms 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 Road said in an X post on Thursday.

This led to a reversal with over 316% returns over the following five months, the analysts said, adding:

Analyzing Bitcoin’s quarterly performance during the 2022 bear market provides a more cautious interpretation of BTC price history. The data shows Bitcoin recorded four consecutive red quarters during that year.

Losses stacked across the four quarters, bringing the total losses to 64% as the BTC/USD pair closed the year at $16,500 from an opening price of $46,230. This marked one of the harshest drawdowns in Bitcoin’s history.

As Cointelegraph reported, many analysts expect 2026 to be a bear market year, and a similar stretch of four losing quarters could extend the weakness below the 15-month low of $60,000.

Analyst Solana Sensei shared a chart that focused on Bitcoin’s weekly performance, with the price printing the fifth candlestick in a row.

Source: CoinTelegraph