📉 Bitcoin has been falling for 5 consecutive weeks and shows no signs of stopping
A longer streak of declines than the current one has only happened twice in history, and both cases occurred during bear market phases, with BTC falling even deeper after a slight recovery.
🔴 2018: After 5 red weeks and a 38% drop, BTC lost another 23% over the next three weeks
🔴 2022: After 5 weeks in the red (-18%), the price dropped another 54% over the following seven weeks
🔴 Now: Five consecutive red candles, but the total decline so far is around 12%
#BTC | #Bitcoin | $BTC
A longer streak of declines than the current one has only happened twice in history, and both cases occurred during bear market phases, with BTC falling even deeper after a slight recovery.
🔴 2018: After 5 red weeks and a 38% drop, BTC lost another 23% over the next three weeks
🔴 2022: After 5 weeks in the red (-18%), the price dropped another 54% over the following seven weeks
🔴 Now: Five consecutive red candles, but the total decline so far is around 12%
#BTC | #Bitcoin | $BTC