Bitcoin's troubles have worsened as the asset has not closed a weekly candle in the green since late March.
after dumping by $15,000 at one point, and the situation worsened upon the weekly closure hours ago.
Bitstamp data, showcased by TradingView, shows that BTC closed the week at just over $30,000, making eight straight weekly candles in the red.The start of the new trading week has been slightly more positive, with bitcoin currently in the green. However, there’s still time for the bears to return to the scene and extend the negative streak ever further.With eight red ones in a row, it’s somewhat expected that thehas remained stuck well within “extreme fear” territory.
It went to “fear” in April and early May but plummeted into “extreme fear” once bitcoin dumped from $40,000 to $25,300 in days. As of now, it’s still in the latter, showing 10.
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