Here’s What Happened the Last Time Bitcoin Price Had 6 “Red” Months in a Row

Bitcoin is about to do something it’s only done once before. Close its sixth consecutive month in the red. That’s not a typo. Six months. Straight. Red. The BTC price has been bleeding since October, and the monthly candles don’t lie. This has happened only one other time in Bitcoin’s entire history.

The last streak was from August 2018 to January 2019. That’s six months, and what happened? The BTC price fell roughly 60% from peak to trough. The current streak has seen a drawdown of about 47% so far. That’s not as deep. But the streak length is the same. And that matters.

• What the Bitcoin Chart Shows
• What Happened Last Time and What This Means for Bitcoin
• What Could Come Next

What the Bitcoin Chart Shows

If you take a look at the monthly chart shared by Coin Bureau, the picture is pretty clear. The BTC price peaked near $126,000 in late 2025. Since then, it’s been a steady grind lower. The monthly candles have been red. The current BTC price is around $66,500, down from those highs. The chart shows a clear downtrend on the higher timeframe.

The volume has been declining as price has fallen. That’s typical in a bear market. The RSI on the monthly is getting close to oversold territory. Not there yet, but close. The last time the monthly RSI was this low, Bitcoin bottomed in the $15,000 to $20,000 range before ripping to $69,000.

What Happened Last Time and What This Means for Bitcoin

The 2018 streak finally snapped in January 2019. By that point, BTC had bottomed around $3,200, a 60% drop from the $8,000 it was trading at when the streak started. And that bottom didn’t materialize overnight. It took months. Price didn’t immediately rip.

And then it went on to make new all-time highs. The streak of red months was actually the setup for the next cycle. Not the end. The beginning.

The BTC price is setting records on the downside. That’s not fun to watch. Six red months in a row is brutal. But the last time it happened, the bottom wasn’t far off. The drawdown was deeper then. The current drawdown is 47%. The 2018 drawdown was 60%. So we’re not there yet. But the streak length is the same.

The monthly chart is a long-term tool. It doesn’t tell you where the BTC price will be next week. It tells you where we are in the cycle. And right now, we’re in a historic streak of red months. The only other time this happened, the bear market ended, and the bull market began.

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What Could Come Next

The BTC price could still drop further. The 2018 drawdown was deeper. The monthly RSI isn’t at the same levels yet. But the streak length alone is a data point worth paying attention to.

The last time Bitcoin had six red months in a row, the bottom was within sight. It didn’t feel like it at the time. It always feels like it’s never going to end. But it did end. And the next cycle was massive.

The BTC price is at $66,500. The chart says we’re in rare territory. Not just a drawdown. A historic streak. The only other time this happened, the bear market ended and the bull market began. That doesn’t guarantee anything. But it’s a pattern. And patterns matter.