₿ Bitcoin closed February down 15 percent.


This marks the fifth consecutive monthly decline.

A streak like this appeared only once before.
From August 2018 to January 2019 Bitcoin printed six red monthly candles in a row.

That period marked the late stage of the bear market.

After the streak ended, momentum reversed quickly.
Bitcoin printed five green months back to back.

Price moved from 3,400 dollars to 14,000 dollars.
More than a 300 percent rally.

Markets often compress before large moves.
Long red sequences tend to exhaust selling pressure.

The key question now concerns timing.
Does the market repeat the historical pattern, or extend the consolidation phase.

#Bitcoin #BTC #Crypto
BTC6,43%
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