Bitcoin Faces Two Red Years For The First Time Ever

Bitcoin has never posted back-to-back losing years, but 2026 could change that. BMTV’s Chart of the Day looks at Bitcoin’s yearly candles: 2025 closed down about 6%, the first red year directly after a halving, and 2026 is down about 16% with seven weeks to go. To finish green, Bitcoin has to get back above $87,500, about an 18% rally from here. Sean Hagan says the timeline is full of panic hands treating two red candles as proof Bitcoin is struggling, and he wanted to look at the actual data. The numbers, he argues, may tell a different story.

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Chapters:
Bitcoin Has Never Posted Back-to-Back Losing Years
Two Red Candles on the Yearly Chart
2025 Was the First Red Year After a Halving
Bitcoin Needs $87,500 to Finish Green
The ETFs Pulled the Whole Rally Forward
2021 Had the Cushion, 2025 Did Not
Year Two Isn’t the Difference, Year One Is
This Bear Market Has Been Shorter and Shallower
Even a Red 2026 Would Be the Mildest Post-Top Year
An 18% Rally Comes Roughly One in Eight
The Headline Sounds Worse Than What’s Happening
This Is a Better, More Mature, Stronger Bitcoin