Continuing to lose value in the weekly outlook, Bitcoin (BTC) closed the 9th consecutive week in the red with the past week.
Bitcoin, November 2021 the all-time high (ATH) $69,044 after level 33,000 dollarsregressed to and after March per month $48,234rising to a correction had carried out. Tradingview according to last week $30,294from and throughout the week In the range of 28,600-30,800 accumulating bitcoinclosing $29,473by doing from 9th consecutive week since March 28 It also ended with a loss.
Analysts say that the cryptocurrency market has been correlated for some time. S&P and Nasdaq with index positive decomposition waiting. However, contrary to the expected bitcoin last week 2.5% when closing with loss S&P and Nasdaq index over the same period 7% gained value.
bitcoin, May bear the moon 19%If it ends with a decline above the worst 2nd May in history will have passed.
Analyst Matthew Hyland, May 29 made on the in sharing, Bitcoin available 200 days longest in the history of the downfall 4. downtrend He included a graphic that drew attention to the fact that The longest sustained downtrend in Bitcoin, according to the chart 2014-2015 years and the current downtrend 404 days, which is twice as long it took.
Cryptocurrency marketsafter 9 consecutive weeks of loss in Bitcoin Started the week on a high. With the new week 5% increasing Bitcoin (BTC)According to CoinGecko data, at the time of writing the news $30,709when dealing with reaction spikes in some altcoins is happening.
Cryptocurrency Markets Started New Week With Rising: 5 Percent Increase in Bitcoin (BTC)
Related article: Cryptocurrency Markets Started New Week With Rising: 5 Percent Increase in Bitcoin (BTC)
