Bitcoin (BTC) is facing a potential sixth consecutive month of losses, with the March monthly close at $65,000. This comes amid concerns about a potential copycat bear flag breakdown and a potential six-month losing streak since 2018. Meanwhile, whales have begun reducing their BTC exposure, contributing to mid-term price headwinds. If Bitcoin ends March lower than its starting price, it will mark the first six straight “red” months since the 2018 bear market. The US-Iran war continues to impact global stock markets, leading to a sharp drop in Asia stock markets. The outlook for rate cuts by the Federal Reserve is in doubt, while long-term rates are increasing due to inflation concerns.