The market failed to recover over the past seven days. On the contrary – it saw further losses. As it stands, at the time of this writing, Bitcoin’s price seems likely to chart its 9th consecutive weekly close in the red.In a first for Bitcoin, its price continues to decline for what seems likely to be the 9th week in a row. There are still a few hours where things might take a turn in the opposite direction but judging from the past couple of days, it seems like the less likely scenario.
At the time of this writing, BTC’s price is trading at around $29,000 – up 0.6% on the day but down 1.3% on the week. It’s been seven days full of sideways actions and slow declines, chopping the market up.Meanwhile, Bitcoin’s fear and greed index continues to be in a state of “extreme fear.”This is all you need not to miss any price action in the raging crypto markets.
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