We have never seen more than 8 green candles in a row on the weekly chart. More than 7 has happened twice before. This is the first time in a corrective phase. You can see it retraced substantially substantially last two times. This time may be worse since the corrective phase has yet to play out. Interest in Bitcoin will drop off a cliff, with or without a blow off top, after all the hype surrounding the halving subsides. Bitcoin is widely considered to be the gold standard in crypto. However, even gold suffers in a recession.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.