RATE Group | Lucky Number 7? Bitcoin Closes Six Consecutive Weeks Below $7,500
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Lucky Number 7? Bitcoin Closes Six Consecutive Weeks Below $7,500

06 Jan Lucky Number 7? Bitcoin Closes Six Consecutive Weeks Below $7,500

Posted at 20:14h in Bitcoin News by

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While much of the world may have been tuned into the 77th Golden Globes awards to see who took home the award for Best Motion Picture, Bitcoin investors couldn’t take their eyes off the weekly candle close last night.

The first-ever cryptocurrency has been stuck in a downtrend for months, and last night’s close was bull’s best opportunity to close out the week on a bullish note. But instead, Bitcoin closed its sixth consecutive week in a row under the critical resistance level of $7,500.

Bitcoin Closes Six Weeks in a Row Under Critical Resistance Level of $7,500

Bitcoin price has been falling since June, with very few signs that the leading crypto asset by market cap is ready to reverse. After a third retest of lows was swiftly defended by bulls earlier in the week, it gave hope that the weekly close last night could be the first in over a month to close above the key level of $7,500.

Related Reading | The Most Lucrative Signal in Bitcoin History Just Flipped Buy 

However, a…

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