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One platform for global traditional assets
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CandyDrop
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Alpha Points
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Futures Points
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Bitcoin is plotting its 5th consecutive red candle for the 2nd time in history.
The first time we saw six consecutive red candles was in 2018–2019. After that, Bitcoin printed 5 consecutive green candles, 3 of which gained more than +25%.
This pattern suggests BTC is nearing a bottom after 5 red months, with a reversal possible.
Historically, January to June are bullish months for crypto, and the market can surprise everyone.
Lowest inflation, a 40-month high ISM, and a new Fed chair add further tailwinds.