📉 Bitcoin Faces Worst Q1 in 8 Years - Are Back-to-Back Red Months Next?
My honest take? I’m about 80% sure we’re not done with red yet. $BTC is still down over 50% from the cycle high, and Q1 has been one of the weakest in years. Every bounce looks more like relief than real strength.
Since losing $82K, traders flipped into protection mode. CryptoQuant’s Bull Score Index is at zero, and around 9.31M BTC (46% of supply) sits above current price - meaning strong overhead resistance if we try to rally. That’s not the structure you usually see before a clean reversal.
🧐 Could we get a green $BTC month? Yes - especially on extreme fear and oversold conditions. But unless we see real capitulation near the $54.9K realized price zone, odds still favor another red stretch before a durable bottom forms.