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9 hour ago
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BEARISH 📉 : Bitcoin sees five consecutive months of decline amid market struggles

Bitcoin's Consecutive Decline:

  • Bitcoin is experiencing its fifth consecutive month of decline, currently down over 16% this month.
  • The crypto market has lost nearly half of its value since October.

Market Analysis:

  • Analyst Benjamin Cowen suggests that the bear market started in October 2025 and may reach a low by October 2026.
  • Yesterday, Bitcoin's price fell over 13%, reaching as low as $60,000 due to several factors including the Fed's recent decisions.
  • BTC ETFs have seen three months of net outflows, with a potential fourth on the way, totaling $690 million this month.

Future Predictions:

  • Trader Peter Brandt predicts a possible drop to $42,000 for Bitcoin but does not expect it to fall significantly lower.
  • The broader crypto market is anticipated to stabilize when Bitcoin finds its bottom.

Current Status:

  • Bitcoin is trading at around $65,800, down over 6% in the last 24 hours, according to CoinMarketCap.