- Bitcoin is struggling to avoid a fresh price decline as market sentiment turns increasingly bearish, with analysts questioning the bull market’s return.
- The asset has printed four consecutive red monthly candles for only the third time in history, a pattern last seen during the 2014 and 2018 bear markets.
- Some analysts suggest a significant correction in the Gold market could potentially redirect capital and open “floodgates” towards the cryptocurrency sector.
Bitcoin fought to avoid a fresh price dive as Wall Street opened on Monday, with traders increasingly losing faith in the bull market’s continuation. Data from TradingView showed a modest bounce after the cryptocurrency set new 16-month lows near $74,532.
QCP Capital warned that sustained trading below the $74,000 support risked a deeper drawdown for the entire crypto complex. Consequently, trader Jelle declared the weekly uptrend over, stating, “It’ll likely take a while before this turns around again.”
Analyst Rekt Capital agreed, suggesting the October 2025 high of $126,200 likely marked the cycle’s top. Meanwhile, data from monitoring resource CoinGlass confirmed Bitcoin had closed its fourth straight month in the red, a rare historical signal.
However, a simultaneous correction in gold markets offered a glimmer of hope for some crypto observers. Trading resource QCP Capital linked gold’s reversal to new Federal Reserve leadership and higher margin requirements in its latest market update.
Analyst Michaël van de Poppe argued this dynamic could ultimately benefit digital assets. He stated, “I don’t think we’ll see new ATHs for Gold and Silver soon… That opens the floodgates towards Crypto.”
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