Analyst Says Bitcoin Closing 6 Red Monthly Candles | Crypto News
Bitcoin’s latest price construction has not been straightforward to sit through. The price motion has spent months transferring sideways to decrease, printing a collection of bearish month-to-month closes since October that have positioned the crypto sentiment in worry. That variety of slow stress tends to really feel worse than sharp sell-offs.
According to a crypto analyst, instead of treating the latest stretch as a warning signal of more declines to come, historical past reveals that the Bitcoin price is a lot nearer to a turning level than most members notice.
The 2018 Parallel: Six Red Candles, Then A 4x Move
“With the ongoing panic, buying makes more sense here,” the analyst wrote, including that Bitcoin might attain another all-time high following this transfer. The chart evidence they cite stretches back to late 2018 to early 2019, the only other time Bitcoin printed six straight crimson month-to-month candles.
This period between 2018 and 2019 is one of the most instructive chapters in Bitcoin’s price historical past, and what occurred next reshaped your entire cycle.
From August 2018 through January 2019, Bitcoin closed six consecutive crimson month-to-month candles in a descent that took the price from about $7,700 all the way in which down to roughly $3,500. Sentiment had totally deteriorated, retail members had largely capitulated, and to the average observer, the price motion appeared damaged.
However, that was not the case. Those six months really pressured out weaker fingers, absorbed persistent promote stress, and quietly constructed the bottom for what got here next. By May 2019, Bitcoin had surged to almost $10,500, more than a 3x gain from its cycle lows. By June, it was urgent $13,000, representing more than a 4x return from the lows of that six-candle decline.
Bitcoin Price Chart. Source: @ourcryptotalk On X
A Familiar Pattern In A Very Different Market
Bitcoin’s current price motion, while not an identical, shares some of those traits. The current price play out appears to be like very similar to that 2018/2019 sequence in construction, but the context is also more constructive.
Bitcoin’s consecutive crimson month-to-month candles since October 2025 introduced the price from a peak above $126,000 down to lows below $70,000, which is a managed pullback of over 45% from the high. Painful by typical requirements, but measured in the context of Bitcoin’s historic drawdowns.
As famous by the analyst, the candles are crimson, but they’re not impulsive. There’s no panic construction, just regular promoting stress that’s been absorbed over time. However, while retail sentiment has deteriorated across the multi-month decline, institutional patrons have been transferring in the alternative direction. Strategy, the world’s largest company Bitcoin holder, (*6*)has gathered over 122,000 BTC during this period.
Bitcoin Price Chart. Source: @ourcryptotalk On X
If the 2019 recovery template applies at any comparable scale, a 3x to 4x transfer from latest lows would place Bitcoin someplace between $180,000 and $250,000 in the months forward. Even a more conservative 2x recovery from the $67,000 vary would put the Bitcoin price trading at new all-time highs above $130,000 in the approaching months.
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