Bitcoin BTC USD worst month since 2022 explained: BTC USD price today drops to $65,000 level: Why is Bitcoin on track for its worst month since 2022 crypto crash?

Bitcoin BTC USD worst month since 2022: Bitcoin is heading toward its worst monthly performance since June 2022, the same period when the collapse of TerraUSD triggered the downfall of Three Arrows Capital and BlockFi, as per a report. If the month closes this way, it will also mark Bitcoin’s fifth straight monthly decline, its longest losing streak since 2018.

BTC USD Price Down: Bitcoin on Track for Worst Month Since 2022 Crypto Crash

The latest slide began in October and accelerated after US president Trump announced plans to raise global tariffs to 15%.

According to BTC Markets analyst Rachael Lucas, that decision rattled risk assets across the board, she pointed out that, “Despite the ‘digital gold’ narrative, Bitcoin continues to trade as a risk asset. When macro fear spikes, capital rotates toward traditional safe havens. Bitcoin is not there yet,” as quoted by Benzinga.

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Why Bitcoin Price USD Faces Fifth Straight Monthly Decline

As prices dipped into the low $60,000s and fell through $63,000, analyst James Check argued that several indicators suggest classic bottom formation behavior. He said that “Every mean reversion model, from technical to on-chain is trading within bottom formation levels, typically seen after the price capitulation event,” as quoted by Benzinga.

He explained that, “Either Bitcoin is dead, will no longer mean revert, and all your models are broken. Or you should be ignoring the bears and quietly dollar cost averaging from here on,” as quoted by Benzinga.

Crypto Market Lessons From TerraUSD Collapse and the 2022 Bear Market

Looking back at 2022, Bitcoin effectively bottomed around $17,600 in June, months before the more widely remembered $15,600 low in December. That stretch included long periods of waiting and a final liquidity flush during the FTX collapse.Also read: Why is gold price rallying today? Gold surges past $5,200 as US-Iran tensions rattle markets – experts reveal portfolio allocation strategy

Bitcoin Price Today

As of the time of writing, Bitcoin was trading at $65,564.73, just 2% above the $61,000–$62,000 capitulation low.

BTC USD Outlook: Will Bitcoin Stabilize or Extend Its Losing Streak

IG Australia analyst Tony Sycamore pointed out that Bitcoin is moving closer to its 200-week moving average at $58,503 and whether BTC USD holds above this level, as it did in early February, could determine if prices stabilize, as quoted by Benzinga.

FAQs

Why is Bitcoin having its worst month since 2022?
Bitcoin is facing heavy selling pressure and is on track for its steepest monthly drop since the 2022 crypto crash.

What happened during Bitcoin’s 2022 bottom?
Bitcoin first bottomed around $17,600 before a final drop to $15,600 months later.