The analysis, shared on X, is based on a simple pattern: Bitcoin has not formed its major bear-market bottom in recent cycles until it printed nine red monthly candles.
The Bottom Call May Be Too EarlyThe first trend of nine consecutive red monthly candles can be seen in the 2018 cycle. Starting from the January 2018 peak that followed Bitcoin’s first major mainstream rally, the cryptocurrency printed nine consecutive red monthly candles before finding its bottom around $3,200 in December of that year.
The 2022 cycle repeated the sequence with near-identical precision. From the November 2021 all-time high, Bitcoin closed nine straight red monthly candles before bottoming around $15,500 in November 2022, a decline of about 77%.
What Does This Mean For Bitcoin? Based on that reading, the current corrective price action may still extend further, possibly stretching into Q4 2026 before Bitcoin finds a stronger long-term floor.
