Bitcoin is closing in on its longest losing streak since 2022..
5 consecutive weekly red candles. Fear & Greed at 6 - same reading as the FTX collapse. Everyone's calling it the end. Here's the thing though.. In 2022 BTC went 9 straight weeks in the red. Dropped from $40K to $15.5K. Every headline said the same thing they're saying now.. And then it went to $126,500. We're at week 5. We haven't even matched 2022 yet. This isn't a prediction. It's just pattern recognition. The streak always ends. The only question worth asking right now is whether you're going to be holding when it does.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Bitcoin is closing in on its longest losing streak since 2022..
5 consecutive weekly red candles. Fear & Greed at 6 - same reading as the FTX collapse. Everyone's calling it the end.
Here's the thing though..
In 2022 BTC went 9 straight weeks in the red. Dropped from $40K to $15.5K. Every headline said the same thing they're saying now..
And then it went to $126,500.
We're at week 5. We haven't even matched 2022 yet.
This isn't a prediction. It's just pattern recognition. The streak always ends. The only question worth asking right now is whether you're going to be holding when it does.