Bitcoin monthly —6 months red & $60,000 as support

Wait 5 sec.

Bitcoin monthly —6 months red & $60,000 as supportBitcoin all time history indexINDEX:BTCUSDMasterAnandaMarch opened almost at $67,000. A close below this price and we get the sixth consecutive red month. The first time since 2018. After a perfect bullish impulse, we have a perfect irregular (ABC) correction. Perfect shape and size in relation to the bullish impulse. The last time Bitcoin closed six consecutive red months it was similar to this one. The fifth month hit bottom, the sixth month a higher low. Then the market started to turn. (2018.) This looks like a highly probable scenario here based on the very strong support now being activated. Several high and session closure from 2021 and also the long-term consolidation in 2024. Notice that after moving above $60,000 in February 2024, Bitcoin only closed once below this level; August 2024 at $59,000 and there was a quick recovery the following month. Never again did Bitcoin close below $60,000. In 2026, this level was challenged briefly, for several hours only, with a close at almost $67,000. Here we see the significance of this level once more. In 2024, Bitcoin wicked 8 times below $60,000. Out of those eight, only once it closed below and all the others buyers were always ready. Similar things can happen in 2026 but with higher prices. Any selling close to $60,000 can be quickly bought; over and over, again and again. This chart shows room for a rounded or v shaped bottom to develop. A recovery comes next. Namaste.