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Bitcoin is on the brink of a six-month streak of monthly losses, a rare occurrence in its history.
With nearly six straight red monthly candles already printed, March’s closing price will settle the matter: a green candle would break the sequence and signal relief, while another loss could confirm an extended bearish phase.
Every prior stretch of prolonged monthly drawdowns has been followed by powerful reversals, Crypto Patel revealed. For instance, the multi-month slump in 2015 gave way to a run that reached $20,000, the 2018 episode preceded a climb to $69,000, and the 2022 downturn ultimately led to a surge topping $108,000.
Momentum is undeniably soft right now, yet the darkest candles have repeatedly appeared just before the market’s biggest rallies. All eyes are on this month’s close.
Here’s another optimistic historical pattern recognised by Ali Martinez. Since 2011, the same fractal has marked the final discount window ahead of every major Bitcoin bull market. If it holds, the cryptocurrency could be entering that golden entry zone between October 6 and October 16, 2026, with prices likely settling in the $41,500–$45,000 range.
 
Now, technical analyst thescalpingpro agrees that the bottom may be close. Bitcoin has been in a steady downtrend since October 2025, already correcting roughly 50% from its all-time high. The 200-week and 300-week moving averages have been reliable support in past cycles: price bottomed at the 200 WMA in 2018, at the 300 WMA during the 2020 COVID crash, and near the 300 WMA after the 2022 FTX collapse.
At press time, CoinMarketCap data shows Bitcoin up 2.11% to $70,880.07 over the past 24h, outpacing a broadly rising crypto market, driven by a signal of geopolitical de-escalation.
The main catalyst is the geopolitical de-escalation following President Trump’s March 23 announcement of a five-day pause on U.S. strikes against Iran. If the de-escalation holds through the five-day pause (ending ~ March 28), Bitcoin may consolidate above $70,150. However, a breakdown below $68,420 would signal bearish pressure from macro fears.