Bitcoin is currently recording an undesirable type of history; The BTC/USD pair is trading just above $67,000, down 47% from its all-time high of $126,000. The coin is now poised to confirm six consecutive red monthly closes, a streak that has only occurred once before during the bear cycle in 2018 and 2019.
The question now is no longer whether this series is real, but rather whether the seventh month will completely break the record.
Bitcoin fell 4% in October, 18% in November and 3% in December, followed by a 10% drop in January and 15% in February, while March is currently down just 1%. A close below $67,300 would officially mark the sixth consecutive red candle.
Get ready for a crazy move in Bitcoin.
If BTC closes March in the red, it will be the 6th consecutive red monthly close.
This has only happened once in Bitcoin’s history, in 2018.
But the crazy thing is, the last time this happened, BTC increased by 317%, from $3,349 to… pic.twitter.com/5N7VEVn6Lw-Ash Crypt (@AshCrypto) March 29, 2026
However, the last time this happened, between August 2018 and January 2019, it was followed by five straight months of gains. But the macroeconomic conditions of the time were radically different from today’s environment. Today, the price of oil exceeds $100 a barrel and bets on rising interest rates are growing, in addition to concerns over quantum computing that have shaken confidence in Bitcoin’s long-term security model.
ETF outflows have intensified the pressures, with on-chain data showing the longest institutional outflows in over a year. Although the technical setup appears bearish, signs of capitulation are starting to gather, which is worth carefully analyzing.
Can BTC/USD maintain current price levels?
Bitcoin is currently moving in a consolidation phase in a “bear flag” formation between a key support level at $62,300 and increasing resistance between $68,000 and $72,000. Although the Relative Strength Index (RSI) is still in a neutral zone, it is trending downward, while the ADX index at 25 indicates a developing trend.
Three scenarios are possible at the dawn of April:
- Ascension Scenario: Bitcoin holds the $62,300 level, surpassing the $71,300 resistance, to regain the $79,000 level which negates the bearish formation. In this case, Standard Chartered’s target of $150,000 by the end of the year still technically stands.
- Basic scenario: Consolidation continues between $62,300 and $72,000, as macroeconomic uncertainty (oil, interest rates, geopolitics) keeps institutional buyers cautious.
- Landing scenario: Breaking support levels below $62,300 could lead to a sequential collapse towards the Fibonacci levels at $56,800 and then $52,300, with the “Willie Wu” target of $45,000 to $49,000 becoming the dominant narrative. However, the 200-week moving average at $59,268 represents the last major structural bottom before this range.
Blockchain data shows that nearly half of Bitcoin’s circulating supply is currently in loss, a level historically associated with late capitulation phases, but also associated with prolonged bear markets that cause prices to fall below the high price of $54,000.
The 200-week moving average has yet to be tested in this cycle, representing either a point of comfort or an unfinished story.
Strategic Positioning in Bitcoin Hyper Ahead of Vertical Movement
As we enter the sixth declining month of a confirmed downtrend, the trend toward early Bitcoin infrastructure projects is starting to make sense, especially for traders who believe in Bitcoin’s long-term dominance but are looking to take advantage of the ecosystem’s growth without having to hold the coin during a potential pullback toward the $45,000-$55,000 levels. Calculating an increase in Bitcoin’s current market value seems more difficult than when the price was $20,000.
The Bitcoin Hyper ($HYPER) project stands out as the first layer 2 of Bitcoin with full Solana Virtual Machine (SVM) integration, at a lower cost while maintaining the basic security of the Bitcoin network. The pre-sale managed to raise more than $32 million The price of the token is currently $0.0136with availability of storage (staking) with an annual yield of up to 36% As additional benefits.
The basic thesis is that the trillion-dollar Bitcoin network needs programmability, low fees, and breakneck speed to compete with the decentralized finance (DeFi) systems of Solana and Ethereum, which is what the decentralized Bitcoin Hyper Bridge is designed to do.
Check out Bitcoin Hyper’s research before the pre-sale window closes.
This article is for informational purposes only and does not constitute financial advice. Digital assets are very volatile; So always do your own research before investing.
The post Bitcoin on the cusp of a negative record: will March close in the red? appeared first on Cryptonews Arabic.
