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.Winter is coming and we know what's coming with it.
Submitted January 09, 2022 at 01:18AM
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