Bitcoin is about to close its 5th straight red month.



This has only happened once before in its entire history, back in 2018.

2018: 6 consecutive red months after the $20K ATH. Bottom came at $3,200. A -84% decline and it took 12 months.

2026: 5 consecutive red months after the $126K ATH. Currently at $66K. A -48% decline. It has been 5 months and counting.

In 2018 people called the bottom at every level on the way down. $14K. $10K. $8K. $6K but the bottom was at $3,200. In 2026 again everybody is calling the bottom at $69K. $60K.

Both the 2018 and 2022 bear markets lasted roughly 12 months from top to bottom. We are 5 months in. The pattern is clear, we are halfway through, not at the end.$ETH
BTC3.32%
ETH3.19%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)