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First 6-week losing streak since 2014 — 5 things to know in Bitcoin this week -Breaking

by Mike Robinson

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First 6-week losing streak since 2014 — 5 things to know in Bitcoin this week

(BTC) starts the second week of May 2022 by bringing up bearish ghosts from its past — how much worse could the picture get for hodlers?

Market participants are fearful after the biggest cryptocurrency fell to $33,000.

1-week candle chart (Bitstamp). TradingView
Screenshot of BTC/USD Monthly Returns Chart (screenshot). Source: Coinglass
BTC/USD Order Book Data (Binance). Source: Material Indicators
1.Weekly BTC/USD candle chart (Bitstamp), with 100 and 200 WMA. TradingView
Bitcoin net unrealized profit/loss chart. Glassnode
Crypto Fear & Greed Index (screenshot). Source: Alternative.me
Fear & Greed Index (screenshot). CNN