🔥#Bitcoin is going through an unprecedented difficult period in many years
The cryptocurrency market is witnessing a worrying development as Bitcoin continues to record price declines over several consecutive months. According to data from Bloomberg, this is the longest consecutive losing streak that Bitcoin has faced since 2018 - a time when the crypto market experienced one of the most severe downturns.
The monthly price performance chart shows a clear downward trend, with orange columns sinking deeply into negative territory recently. This reflects the pessimistic sentiment of investors and the prolonged selling pressure in the market.
Compared to previous volatile periods such as 2019, 2021, or 2022, the current price drop stands out for its continuity and length, causing many to worry about the short-term prospects of this digital asset. However, history also shows that Bitcoin has previously made strong recoveries after similar difficult periods.
$BTC
