Bitcoin Faces 23% Pullback with Prolonged Red Weekly Candles Amid Record Green Monthly Trend
Bitcoin is experiencing a significant pullback, with the price 23% off its all-time high. The market is seeing a prolonged period of red weekly candles, hinting at a bearish trend. Despite this, there is optimism as Bitcoin has had a record 7 green monthly candles in a row.
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Jason Ai. Williams
It's easy to feel doom and gloom about the price action of #bitcoin as of late, but if we look at the bigger picture - #BTC has had a record 7 green monthly candles in a row. In previous moves, when BTC hit the previous ATH, it dipped as much as 30% before recovering - so a…
Stefan Luebeck 👀 #Bitcoin is around 23% off its all-time high. So why does it feel worse than it is? Maybe because this is the second longest run of RED weekly candles in #BTC's history! Big difference compared to back then, both times before were deep into a #crypto bear market. https://t.co/bgDC7Qw0GQ
Bitcoin Archive Bitcoin is 23% off its all-time high. So why does it feel worse than it is? 👉This is the second longest run of RED weekly candles in Bitcoin history! Both times were deep into a bear market. https://t.co/CHeFykJMx1
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