HomeUncategorizedFirst 6-week losing streak since 2014 — 5 things to know in Bitcoin this week By Cointelegraph

First 6-week losing streak since 2014 — 5 things to know in Bitcoin this week By Cointelegraph

May 9, 2022

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First 6-week losing streak since 2014 — 5 things to know in Bitcoin this week

(BTC) starts the second week of May 2022 by bringing up bearish ghosts from its past — how much worse could the picture get for hodlers?

After falling to nearly $33,000, the largest cryptocurrency is giving market participants, new and old, a run for their money, and the fear is palpable.

1-week candle chart (Bitstamp). Source: TradingView
BTC/USD monthly returns chart (screenshot). Source: Coinglass
BTC/USD order book data (Binance). Source: Material Indicators
BTC/USD 1-week candle chart (Bitstamp) with 100, 200 WMA. Source: TradingView
Bitcoin net unrealized profit/loss chart. Source: Glassnode
Crypto Fear & Greed Index (screenshot). Source: Alternative.me
Fear & Greed Index (screenshot). Source: CNN