Bitcoin Breaks 7-Year Record with 5-Month Loss Streak – What’s Next for Price?

Bitcoin (BTC) has been trading sideways between $70,000 and $65,000, failing to gain bullish momentum. The cryptocurrency has now endured five consecutive months of losses, marking its longest bearish streak since 2018-2019, attributed to geopolitical tensions and regulatory concerns. However, a recent shift in institutional behavior shows a notable inflow of $881 million in one week, reversing previous outflows and indicating renewed confidence. Bitcoin’s hot capital share has decreased, suggesting reduced near-term sell-side liquidity risks and a potentially more stable market. The price currently awaits a breakout from its consolidation phase, needing to surpass $72,294 to validate a bullish shift, though escalating geopolitical tensions could prolong the downturn.

(Source：BeInCrypto)