Bitcoin has been in the red zone for five months now, and it seems we are approaching one of the longest streaks of losses since 2018. When I look at the charts, it becomes clear that the current trend is starting to resemble those times when crypto experienced a serious downturn. Price action looks quite bleak, and recovery is not coming. Analysts note that such prolonged bearish periods are rare, but when they occur, they leave a deep mark on the market. It's interesting to watch how Bitcoin behaves under these conditions because it is during such moments that the resilience of cryptocurrency to pressure is most visible. If the decline continues at the same pace, we could indeed see a historic record for the length of a losing streak. For now, the market remains in anticipation, and traders are closely watching every move of BTC.

BTC0.48%
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