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

Stock Markets May 16, 2022 09:40
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© Reuters. Bitcoin Records 7 Red Weekly Candles For The First Time In History

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 Records 7 Red Weekly Candles For The First Time In History
 

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Comments (2)
Richard Flow
Richard Flow May 16, 2022 11:40
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If next week is higher: bullish. If it’s lower: bearish
Prashant Dhingra
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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