Bitcoin price analysis: BTC has never had a seven-month losing steak, but that could change
CoinDesk
Bitcoin faces potential for a record-tying six-month losing streak, but remains above key support levels despite ongoing macro pressures.Summary
Bitcoin is on track to match a rare six-month losing streak, a feat only previously achieved between August 2018 and January 2019. Currently down around 1% for March, BTC needs a rally of over 1% to avoid confirming six consecutive monthly losses. While bitcoin remains above its 200-week moving average ($59,268) and realized price ($54,177), unlike in 2019, current macro conditions – including the Middle East conflict and concerns about quantum computing – suggest continued downside risks. Despite these pressures, bitcoin has shown some resilience since the onset of the Middle East conflict, edging slightly higher.
(Source：CoinDesk)