Bitcoin to set a new record 9-week losing streak with BTC price down 22% in May

Bitcoin to set a new record 9-week losing streak with BTC price down 22% in May

Bitcoin (BTC) threatened to continue an unprecedented losing streak on May 29 as BTC/USD stayed in a right intraday range.

BTC/USD 1-day candle chart (Bitstamp). Source: TradingView

Stocks correlation offers no comfort to BTC bulls

Data from Cointelegraph Markets Pro and TradingView flagged the largest cryptocurrency heading for nine weeks of downtrend in a row — the most in history.

Already at a dubious record, Bitcoin’s weekly chart closes provided the backdrop to weakness that continued to…


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