01-08-2022, 09:41 PM
Bitcoin looks on track to close a 7th consecutive day in red. The last time happened
<!-- SC_OFF --><div class="md"><p>Bitcoin looks on track to close a 7th consecutive day in red and we need to go back all the way to 2018 to see a similar occurrence. That time, the 7-day downtrend started on 29th July at a price of around $8500 (not the peak of the run just like right now). After 7 days of falling back then, it saw a bounce for one day and then fell another 20% before finding any sense of stability. If history is any indicator, then the carnage has only just begun. </p> <p>Winter is coming and we know what's coming with it.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/droidOnSteriods"> /u/droidOnSteriods </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rz65o0/bitcoin_looks_on_track_to_close_a_7th_consecutive/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rz65o0/bitcoin_looks_on_track_to_close_a_7th_consecutive/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Bitcoin looks on track to close a 7th consecutive day in red and we need to go back all the way to 2018 to see a similar occurrence. That time, the 7-day downtrend started on 29th July at a price of around $8500 (not the peak of the run just like right now). After 7 days of falling back then, it saw a bounce for one day and then fell another 20% before finding any sense of stability. If history is any indicator, then the carnage has only just begun. </p> <p>Winter is coming and we know what's coming with it.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/droidOnSteriods"> /u/droidOnSteriods </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rz65o0/bitcoin_looks_on_track_to_close_a_7th_consecutive/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rz65o0/bitcoin_looks_on_track_to_close_a_7th_consecutive/">[comments]</a></span>Kind Regards R