When we see Bitcoin closing five months in a row down — from October to February — it’s natural to start wondering if something bigger is forming. Now we are close to the closing of March, and the price is around 66 thousand dollars, and the monthly performance is still negative.
If March closes red, we are talking about six consecutive months of decline… and this is very rare, having happened only once in Bitcoin's history, between 2018 and 2019.
What makes this situation really exciting is that the last time this happened, the price was around 3400 dollars, and then we saw a very strong rise that reached almost 300% in just five months.
Could history repeat itself? Nothing is guaranteed, but it’s clear that we are entering a sensitive phase, and what happens afterwards is likely to be unusual.
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BTC
66,425.99
-0.63%