The Santiago Bernabeu outfit appeared in full control when they put together a Spanish record 22-game winning streak, rising to the top of the La Liga table.
Former Manchester United hero Cristiano Ronaldo was in the goal scoring form of his life while summer recruits Toni Kroos and James Rodriguez contributed greatly.
However, following the latter’s long-term injury and the subsequent absences of Luke Modric and Sergio Ramos, Los Blancos’ form dropped dramatically with Spanish media labelling their situation a crisis.
Embarrassing defeats to Athletic Bilbao and Atletico Madrid ensued, before their 2-1 loss to Barcelona at the Nou Camp allowed the Catalans to edge four points clear at the top of the table.
Given Barca’s immense form of late and their goal scoring prowess, they are undoubtedly huge favourites for the title, though that hasn’t stopped Ancelotti believing his side can still come out on top.
“We’re convinced that the league is still wide open but we cannot afford any more slips. We have to try to win as many games as possible,” the Italian coach admitted to AS.
“The team is fine although it’s fair to say that we suffered a dip in January and February. The players are fresh and fired up. We’re going into this final stage in better shape than we were in at this point last year.”
Madrid face Granada at home on Sunday, an opportunity for them to get a big morale-boosting victory and for their Portuguese superstar to get back among the goals.
Ronaldo’s recent form coincides with his side’s struggles, scoring just three goals in his previous eight La Liga matches – among his worst goal scoring returns since joining the club in 2009.