TL;DR:
- Historical Behavior: Bitcoin has recorded six consecutive monthly red candles since October 2025, a technical pattern previously seen only between 2018 and 2019.
- Institutional Accumulation: Despite a 45% drop from highs of $126,000, companies like MicroStrategy have taken the opportunity to accumulate over 122,000 BTC during this period.
- Price Projection: Analysis suggests that if the 2019 fractality repeats, Bitcoin’s price could target between $180,000 and $250,000 in the coming months.
The crypto market has faced high tension in recent hours following confirmation that Bitcoin has posted 6 straight months in the red, a price structure not seen in years. However, several analysts argue that this scenario, far from being the start of a prolonged bear market, represents a necessary capitulation before a new all-time high.
Technically speaking, the current pullback took the price from $126,000 to levels below $70,000. Although selling pressure is constant, transaction volume suggests organic absorption by large wallets. Currently, the market is seeking stability after a 45% correction, maintaining a much more solid structure than in previous cycles.
The 2018 Parallel: From Capitulation to a 4x Rally
The only other time the pioneer crypto chained six negative monthly closes was between August 2018 and January 2019. Back then, the price dropped from $7,700 to $3,500, wiping out retail investor interest. However, that base served as a springboard for a rally that quadrupled its value in the following months.
This time, however, there is a strong institutional presence. While individual investor sentiment is at levels of extreme fear, corporate entities continue to increase their reserves. This divergence between sentiment and accumulation is often a leading indicator of an imminent trend reversal.
Experts point out that the current red candles do not show a structure of impulsive panic, but rather a controlled offloading by “weak hands.” If the historical pattern holds, Bitcoin would be much closer to a turning point than most participants perceive today.
Bitcoin’s current behavior reflects a market cleansing cycle similar to that of 2019. With constant absorption by whales and institutions, the six months of losses could be the prelude to a bullish move that takes the price toward the $130,000 mark or even beyond.
