Bitcoin on Pace for Longest Losing Streak Since 2018 Bear Market

The crypto market is bleeding. And the wounds keep deepening.

Bitcoin trades at $67,621 today, down 1.70% in the last 24 hours. But this isn't just another bad day—it could potentially help mark one of the most prolonged bear runs in Bitcoin history.

If February closes red, Bitcoin will complete five consecutive months of losses, the longest streak since June 2018 when Bitcoin was down for six months. With February already down 13.98%, the signs aren't promising.

The accumulated losses from October 2025's all-time high now reach 52.4% over 123 days. For perspective, the previous longest losing streak—that 2018 nightmare—registered a 56.26% drop over 153 days. Bitcoin is just 3.82 percentage points away from matching that record in less time.

The macro backdrop looks equally fragile. The S&P 500 and Nasdaq have slipped amid tech-sector jitters after Microsoft shed roughly 10% despite strong earnings, spooking investors. Meanwhile, precious metals have turned volatile: on Jan. 30, silver futures plunged about 31%—their steepest one-day drop since 1980—while gold also pulled back from recent highs.

Bitcoin's charts paint an equally grim picture on the daily timeframe. Bitcoin is currently trading sideways after the big spike on February 6. However, the price has not been able to resume an upwards trend and remains below the average price of the last 200 days, which traders identify as the EMA200. This shows how weak bulls currently are.

This setup (current price trading below the EMA200 and this being lower than the average price of the last 50 days, or EMA50) typically signals solid bearish momentum. When both EMAs, otherwise known as exponential moving averages, sit above the current price, they act as dynamic resistance—levels where sellers tend to appear.

The Relative Strength Index, or RSI, sits at 34.7. RSI measures buying and selling momentum on a 0-100 scale. An RSI of 34.7 places Bitcoin in bearish territory, though it hasn't reached extreme oversold levels. This means negative momentum dominates, but there's still room for further declines before technical conditions suggest a bounce.

The Average Directional Index, or ADX, stands at 56.4—well above the 25 threshold that confirms trend strength. ADX measures trend strength with readings above 25 indicating a strong trend is in place. With ADX at 56.4 and price falling, this confirms the bearish trend has very strong momentum.

A Bitcoin bounce after such a sharp drop is definitely possible, but even if it does, it would be premature to call it a trend reversal.

For now, Bitcoin remains trapped in one of the most persistent downtrends in its history. And with just two weeks left in February, the clock is ticking to avoid that fifth consecutive red month.