Bitcoin’s recent price structure has done just that not easy to sit through. The price action lasted for months move sideways to lower, Since October, a series of bearish monthly closes have been published, sending crypto sentiment into fear. That kind of slow pressure tends to feel worse then a sharp sale.
According to a crypto analyst, history shows that rather than viewing the recent period as a warning signal of more declines to come, Bitcoin price is on the rise. much closer to a turning point than most participants realize.
The 2018 parallel: six red candles, then a four-time move
“With the ongoing panic, buying here makes more sense,” the analyst wroteadding that Bitcoin could hit another all-time high after this move. The chart evidence they cite goes back to late 2018 to early 2019, the only other time Bitcoin pushed six straight red monthly candles.
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This period between 2018 and 2019 is one of the most instructive chapters in Bitcoin price history, and what happened next reshaped the entire cycle.
From August 2018 through January 2019, Bitcoin closed six consecutive red monthly candles in a descent that took the price from about $7,700 to about $3,500. Sentiment had completely deteriorated, retail participants had largely capitulated, and to the average observer the price action seemed broken.
However, that was not the case. Those six months pushed out weaker hands, absorbed persistent selling pressure and quietly built the foundation for what came next. By May 2019, Bitcoin had risen to nearly $10,500, more than a threefold gain from the cycle low. In June, the price was at $13,000, which represents a return more than four times higher than at the bottom of that six-candle decline.
Bitcoin price chart. Source: @ourcryptalk On X
A well-known pattern in a completely different market
Bitcoin’s current price action, while not identical, it shares some of these characteristics. The current price development is very similar in structure to that of 2018/2019, but the context is also more constructive.
Bitcoin’s consecutive red monthly candles since October 2025 took the price from a high above $126,000 to a low below $70,000, which is a controlled decline of more than 45% from the high. Painful by conventional standards, but measured in the context of Bitcoin’s historic decline.
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As the analyst noted, the candles are red, but not impulsively. There is no panic structure, just steady selling pressure that has been absorbed over time. However, while Retail sentiment has deteriorated during the months-long decline, institutional buyers have been moves in the opposite direction. Strategy, the world’s largest corporate Bitcoin holder, has accumulated 122,000 BTC during this period.
Bitcoin price chart. Source: @ourcryptalk On X
If the 2019 recovery template applies on a similar scale, a 3x to 4x move from recent lows would put Bitcoin somewhere between $180,000 and $250,000 in the coming months. Even a more conservative recovery of 2x above $67,000 would take Bitcoin price trading to new all-time highs above $130,000 in the coming months.
Featured image created with Dall.E, chart from Tradingview.com