Bitcoin's Longest Losing Streak Since 2022: Is $60,000 Next?

The crypto market is facing a grueling reality check this February. $BTC is currently on track to log its longest losing streak since the 2022 bear market, as a perfect storm of macroeconomic and geopolitical factors batters risk assets.

Key Market Pressure Points:

Geopolitical Nerves: Rising tensions between the U.S. and Iran have pushed investors into "risk-off" mode. Instead of acting as a "digital gold" hedge, BTC is currently moving in tandem with high-beta tech stocks.

DXY & Crude Surge: The U.S. Dollar Index (DXY) has hit a two-week high, while crude oil prices remain elevated. A stronger dollar traditionally siphons liquidity away from the crypto space.

Institutional Outflows: Spot Bitcoin ETFs have seen a significant cooling period, with over $360 million in net outflows recently recorded.

Hawkish Fed: Recent FOMC minutes suggest the Federal Reserve remains divided on rate cuts, keeping borrowing costs high and weighing heavily on $ETH and other Altcoins.

Technical Outlook:

With $BTC struggling to hold the $65,000 support level, analysts are eyeing a potential "flush" toward the $60,000 psychological floor. The "Fear and Greed Index" has plunged into "Extreme Fear," a level not seen in years.

Is this the ultimate "buy the dip" opportunity, or are we heading for a deeper correction into the $50k range?

What’s your move? Hedging into stables or holding through the storm? Let’s discuss below!

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