Bitcoin Records 7 Red Weekly Candles For The First Time In History By Benzinga

Bitcoin Records 7 Red Weekly Candles For The First Time In History

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Bitcoin (CRYPTO: BTC) recorded seven consecutive red weekly candles for the first time in its history.

What Happened: According to data from Benzinga Pro, BTC fell to a low of $25,400 last Thursday. Over the last seven weeks, BTC has lost over 50% of its value. At the beginning of April, BTC was trading at $46,700.

At the time of writing, the leading digital asset was trading at $30,400 with a trading volume of $28 billion.

See Also: HOW TO BUY BITCOIN (BTC)

#bitcoin just made history by putting in 7 red candles on the weekly chart in a row!
This has never happened before. The previous record is 6, in 2014. pic.twitter.com/F1ozYxPqRe

— Lark Davis (@TheCryptoLark) May 16, 2022

Sure looks like a capitulation bottom on the weekly #Bitcoin candle

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Comments (2)

Richard Flow May 16, 2022 11:40

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If next week is higher: bullish. If it’s lower: bearish

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Prashant Dhingra May 16, 2022 11:37

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is it a bullish sign or bearish signal

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First name Last name May 16, 2022 11:37

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bullish, get a mortgage on your house and put all your saved money into bitcoin... totally 0 risk#smortinvesting

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Bitcoin Records 7 Red Weekly Candles For The First Time In History

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