Eight Consecutive Red Closes: Is Bitcoin 走向复苏？

作者 NewsBTC - 1 年前 - 阅读时间：3 分钟
23 年 2022 月 11 日星期一下午 00:XNUMX

Eight Consecutive Red Closes: Is Bitcoin 走向复苏？

Bitcoin for the past two months has been closing consecutive weeks in the red. The previous week had seen it close its seventh consecutive weekly candle for the first time in history, and although investors hoped that this would end with a reversal, the digital asset has gone on to mark another week in the red. This makes it the first time ever for bitcoin to see eight consecutive weekly closes, causing major panic among crypto investors.

Normally when a large digital asset such as bitcoin is closing multiple weeks in the red, it points towards a massive bear market on the horizon. Now, it can be safely assumed that the crypto market has successfully made its way into the bear market. This has been the reason for the low and negative momentum among investors over the last couple of months. But with bitcoin closing so many weeks in the red, it is expected to get worse.

相关阅读 |多头清算继续震撼市场 Bitcoin 努力解决 30,000 美元以上的问题

One thing that has been consistent when bitcoin has closed multiple weeks in the red has been the downtrend that has usually followed the market. Even though there are those who see this as a time to accumulate, the massive sell-offs triggered by these red closes have simply won out in the end. These types of consecutive negative weekly closes have become known as an unavoidable part of being in a bear market.

然而，市场上从未见过这样的情况。当发生令人震惊的事情时，想要使用历史背景是很自然的，但如果没有参考点，就无法判断市场将走向何方。 

Even though there is no historical context to compare the current market conditions to, the opposite has happened before. Last year, bitcoin had recorded eight straight weeks of green closes. What followed this was multiple bull rallies that saw the price of the digital asset eventually hit its all-time high of $69,000.

如果以此为依据，并与当前的市场状况相比，随着连续八次收盘下跌，该数字资产可能会出现多次下跌和崩盘，这可能会将其送回 20,000 美元的区域。因此，市场的底部很可能并不像很多人想象的那样。

Related Reading | MicroStrategy Will Not Dump Any Of Its Bitcoin, 首席财务官透露

There are indicators that suggest otherwise though, such as bitcoin trading above its 5-day moving average. But this is only a good indicator for the shorter term as longer-term indicators remain bearish.

Small investors are also picking up the pace when it comes to accumulating BTC. The number of Bitcoin wallets with more than 1 BTC on their balance had recently touched a new high, now sitting at 844,906. While this points to positive sentiment among these investors, in the grand scheme of things, these smaller investors hold too little to actually move the market. So if there is to be any recovery, the digital asset would need some movement from larger holders.

在 Twitter 上关注 Best Owie，获取市场洞察、更新和偶尔的有趣推文…… 

原始来源： NewsBTC