@BOMBERuss 29 May 2022 more from that month

May 2022 is one of the worst in the history of #bitcoin: nine red weekly candles in a row. The crypto market surprises itself at the end of May. The month ends, unfortunately, not with growth, as many had hoped. On Sunday, May 29, bitcoin remained in the same range and its price barely exceeded $29,000. The first cryptocurrency is about to end another week, and if nothing changes dramatically by nightfall, it will be the ninth consecutive week of a downtrend. This has not been observed before in the history of bitcoin. Even stock markets this week, despite the tightening of the monetary policy of the US Federal Reserve, showed a rebound, while bitcoin and most #altcoins continued to fall. Today, QCP Capital wrote to its subscribers in an informational review of the markets: "The discrepancy between stocks and crypto is most worrying. The S&P and NASDAQ are up about 10% from their May 20 lows. While Bitcoin and Ethereum have fallen over the same period. This is not the direction we were hoping for." At the same time, the month is nearing the end, and if the price remains at the current level, it will mean a drop of 22% for the month. This will make May 2022 the second worst May in the history of bitcoin. Analyst Matthew Hyland presented an analysis of bitcoin's downtrends and found that the current downtrend is the fourth longest and has been for 200 days. The longest downtrend was recorded in 2014-2015 and lasted twice as long. #BTC #CryptoCurrency #Altcoin #May #2022 #Prise #Trading #Cryptotrading