Bitcoin Faces Six-Month Losing Streak: Key Insights
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Bitcoin neared the first six-consecutive-month streak of losses since the 2018 bear market as Iran war woes kept markets firmly in check.
Bitcoin (BTC) heads into the March monthly close as it risks its sixth straight month of losses.
BTC price action touches $65,000 to start the week as traders expect a copycat bear flag breakdown.
Iran headlines dominate the macro mood amid rumors of a US ground invasion.
March could go either way for Bitcoin as it sits on the edge of its first six-month losing streak since 2018.
Whales have begun to reduce their BTC exposure, adding to mid-term price headwinds.
Modest demand in the current trading range lacks “magnitude” to support a trend reversal.
BTC price action revisits $65,000
Bitcoin faced last-minute selling into Sunday’s weekly close, dropping to $65,000 before a modest rebound.
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