Bitcoin is on Track to Achieve a New 9 Week Losing Run By the BTC Price Falling 22% in May!

2 years ago
1

The largest cryptocurrency is on track for the longest nine-week decline in history. Analysts are concerned about Bitcoin's underperformance in comparison to formerly strongly connected securities. BTC was expected to conclude the month down roughly 22%, making May 2022 the second worst month in Bitcoin history. At 200 days, the current decline from highs is the fourth-longest ever. Bitcoin's weekly chart closing, which was already at a questionable record, formed the backdrop to the downturn that proceeded to stun experts over the weekend.

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