May 9th 2022
Six red weeks in a row for bitcoin - Not seen since 2014
Bitcoin just recorded its sixth consecutive red week. This has not been seen since 2014. The question is now, where will bitcoin find support?
Source: Tradingview (Bitstamp)
The market is bleeding, and bitcoin just recorded its sixth consecutive red week. This is a rather historical observation, last seen in 2014.
The bitcoin price briefly fell below the $30,000 mark yesterday and marked a new 2022 low of ~$29,7000. However, we’re seeing a slight relief today.