Bitcoin dropped 15% in February and closed its 5th consecutive red monthly candle, the second time in history. The first time we saw 6 consecutive red candles was in 2018–2019. After that, Bitcoin printed 5 consecutive green candles and pumped 308% from $3400 to $14,000. If history repeats, BTC is close to a bottom after five red months, and we could see a massive reversal in the coming months.
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Bitcoin dropped 15% in February and closed its 5th consecutive red monthly candle, the second time in history.
The first time we saw 6 consecutive red candles was in 2018–2019. After that, Bitcoin printed 5 consecutive green candles and pumped 308% from $3400 to $14,000.
If history repeats, BTC is close to a bottom after five red months, and we could see a massive reversal in the coming months.