Has Bitcoin's Bull Run Ended? Four Consecutive Monthly Losses for BTC
BTC recorded a fourth consecutive monthly decline as prices fell beneath the $80,000 threshold, leading market participants to abandon hopes of a bull market revival.
As Wall Street opened for trading on Monday, Bitcoin (BTC) struggled to prevent another downward spiral while market participants increasingly abandoned expectations of a continuing bull market.
Key points:
- Numerous Bitcoin market observers have stopped anticipating a bull market comeback.
- Price movement for BTC shows four straight months of red candles, marking only the third occurrence in its history.
- A potential cooling in gold markets could still provide opportunities for cryptocurrency, according to one analyst.
Market Expert Suggests $126,000 May Have Been Peak BTC Value
Information from TradingView verified approximately a 2% recovery for BTC/USD compared to the day's opening price.
Following the establishment of fresh 16-month lows reaching $74,532 on Bitstamp, the trading pair attracted increasingly pessimistic forecasts, with price targets of $74,000 and below gaining traction.
Trading platform QCP Capital stated in its most recent "Asia Color" market analysis that the upcoming trading periods would likely prove crucial for determining market trajectory through the quarter's end.
"A sustained close below the 74k support level would increase the risk of a deeper drawdown, potentially drawing the broader crypto complex back toward its 2024 trading range."
Market participants demonstrated minimal confidence in a genuine market recovery emerging from present price levels.
Trader Jelle shared with his X audience in a recent message that the weekly chart showed a lower low on a closing basis, declaring the uptrend conclusively finished.
"It'll likely take a while before this turns around again."
Market analyst and trader Rekt Capital shared the assessment that Bitcoin would probably not reach its previous record high of $126,200 established in October 2025.
He determined that it appeared the top had already been reached.
Information from tracking platform CoinGlass demonstrated that BTC/USD had concluded its fourth consecutive month with negative performance following the January close — a rare occurrence witnessed only twice previously, throughout the bear markets of 2014 and 2018.
Potential Gold Pullback Could Unlock Crypto "Floodgates"
Following several months of divergent price movements, Bitcoin and gold demonstrated certain short-term correlations during the trading session.
XAU/USD, which had also undergone a dramatic sell-off from record highs, made efforts to find stability near the $4,700 per ounce level.
QCP noted that the pullback in "deeply overbought" precious metals including gold and silver connected to Kevin Warsh's appointment announcement as the upcoming Chair of the US Federal Reserve.
The firm explained that this development had negatively impacted appetite for precious metals that don't generate yield, a trend further reinforced by increased margin requirements from futures exchanges, which hastened the liquidation of leveraged holdings.
Crypto trader, analyst and business owner Michaël van de Poppe identified a potential silver lining for cryptocurrency markets following these recent developments.
He contended that Bitcoin might still replicate historical behavior patterns and track gold toward all-time highs following a typical time lag.
In a post shared on X during the day, he noted that historical patterns show when Gold reaches peaks, $BTC typically follows suit, and when Bitcoin surpasses $88k+, $ETH tends to follow, emphasizing that this market rhythm remains constant despite increased market complexity.
"I don't think we'll see new ATHs for Gold and Silver soon. In some years, yes, but not during 2026. That opens the floodgates towards Crypto."
