{"id":12538,"date":"2022-05-31T23:49:50","date_gmt":"2022-05-31T23:49:50","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/after-btc-closed-ninth-successive-bearish-candlestick-can-it-recover\/"},"modified":"2022-05-31T23:49:50","modified_gmt":"2022-05-31T23:49:50","slug":"after-btc-closed-ninth-successive-bearish-candlestick-can-it-recover","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/after-btc-closed-ninth-successive-bearish-candlestick-can-it-recover\/","title":{"rendered":"After BTC closed Ninth Successive Bearish Candlestick, can it recover?"},"content":{"rendered":"<p><b>(Originally posted on : Analysis Archives &#8211; Best Bitcoin Exchange )<\/b><br \/>\n<\/p>\n<div>\n<ul>\n<li>\n<p dir=\"ltr\">Bitcoin has reached the $30,000 price range.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Despite the ninth successive bearish candlestick situation, BTC has not dropped below its value on May 12, at $26,700.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Bitcoin (BTC) has seen an increase in value of 5% and in trading volume by 58% in the last 24 hours.<\/p>\n<\/li>\n<\/ul>\n<p dir=\"ltr\">Bitcoin (BTC) is the largest cryptocurrency in terms of market capitalization, which leads the cryptocurrency space.<\/p>\n<p dir=\"ltr\">Its price swings can impact the overall broader crypto space, including many altcoins.<\/p>\n<p dir=\"ltr\">It is the go-to cryptocurrency for mainstream adoption, and as such, it carries a lot of weight.<\/p>\n<h2>The Ninth successive Bearish Candlestick: cause for worry or not?\u00a0<\/h2>\n<p dir=\"ltr\">Bitcoin created a small bearish candlestick during the week of May 23 to 30.<\/p>\n<p dir=\"ltr\">From the week of March 28 to April 5, <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" rel=\"noopener noreferrer\" target=\"_blank\"><u>Bitcoin marked its ninth consecutive bearish weekly candlestick.<\/u><\/a><\/p>\n<p dir=\"ltr\">This caused a breakdown of the long-term ascending parallel channel.<\/p>\n<p dir=\"ltr\">However, \u00a0BTC has not dropped below its value on May 12, at $26,700, which is a solid sign that the token can only go up from here.\u00a0<\/p>\n<p dir=\"ltr\">As of May 30, 2022, BTC is trading at $30,598.06, and as such, we are going to go over the token\u2019s price historically to see what this means for its future growth and how far it can climb from here.\u00a0<\/p>\n<h2>Should you buy Bitcoin (BTC)?<\/h2>\n<p dir=\"ltr\">On May 30, 2022, Bitcoin (BTC) had a value of $30,598.06.<\/p>\n<p dir=\"ltr\"><\/p>\n<p dir=\"ltr\">In order for us to get a better perspective as to what kind of value point this represents for the Bitcoin (BTC) cryptocurrency, we will be going over its all-time high point of value, as well as its performance throughout the previous month.\u00a0<\/p>\n<p dir=\"ltr\">Bitcoin (BTC) had its all-time high point of value on November 10, 2021, when the token reached a value of $69,044.77.\u00a0<\/p>\n<p dir=\"ltr\">Bitcoin (BTC) had its highest point of value on April 2, when the token reached a value of $47,003.43.<\/p>\n<p dir=\"ltr\">When we look at the lowest point of value, it was on April 26, 2022, when the token decreased in value to $38,084.54. This marked a decrease in value of $8,918.89 or 19%.\u00a0<\/p>\n<p dir=\"ltr\">Furthermore, we can see that its 7-day low was at $28,448.80, while its 7-day high was at $30,756.01.<\/p>\n<p dir=\"ltr\">This gives us a heightened perspective as to what we can expect moving forward. Specifically, Bitcoin (BTC) can reach $32,000 by the end of June 2022.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/www.bestbitcoinexchange.io\/news\/after-btc-closed-ninth-successive-bearish-candlestick-can-it-recover\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Analysis Archives &#8211; Best Bitcoin Exchange ) Bitcoin has reached the $30,000 price range. Despite the ninth successive bearish candlestick situation, BTC has not dropped below its value on May 12, at $26,700. Bitcoin (BTC) has seen an increase in value of 5% and in trading volume by 58% in the [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":12539,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[37],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/12538"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=12538"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/12538\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/12539"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=12538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=12538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=12538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}