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Bitcoin's worst weekly candles records
After almost 4 years, Bitcoin has red candles six consecutive weeks again. This happened 3 times in the $Bitcoin history. Let's dive in details about worst weekly candles.
1)26th June 2011 - 31st July 2011. 6 red candles, BTC price went to $6.6 from $15.4. Which means -57%, The worst one in percentage but Bitcoin was in seed round nowadays haha.
2)13th July 2014 - 17th August 2014. 6 red candles, Bitcoin price went to 497 from 627. Which means -20.7%, the cutest one.
3)28th March 2022 - 22nd May 2022. 8 consecutive week red candles. The longest one. BTC price went to $29,468 from $46,407. Which means -36.5%, market was bleeding to be honest, really disgusting.
4)And now, since 19th January - now, 6 consecutive week red candles about to happen. Price went to $66,221 from $86,670. Which means -23.5%. Largest lost in crypto history.
After all these price actions BTC went in accumulation phase & price dropped more in time. Will this happen again?