Bitcoin may record its second consecutive six-month decline in history, following its first consecutive six-month drop, after which it surged by 208%.

BTC-0,54%

BlockBeats news, on March 29, according to Coinglass data, Bitcoin’s return rate for March this year is currently reported at -0.76%, potentially marking the sixth consecutive month of declines.

Historically, Bitcoin has only experienced a similar situation once: from August 2018 to January 2019, it cumulatively dropped by about 54.8% over six months. Subsequently, Bitcoin experienced five consecutive months of gains (from February 2019 to June 2019), with a cumulative increase of up to 208%.

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