{"id":451002,"date":"2022-05-22T13:03:23","date_gmt":"2022-05-22T10:03:23","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-targets-record-8th-weekly-red-candle-while-btc-price-limits-weekend-losses\/"},"modified":"2022-05-22T13:03:23","modified_gmt":"2022-05-22T10:03:23","slug":"bitcoin-targets-record-8th-weekly-red-candle-while-btc-price-limits-weekend-losses","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-targets-record-8th-weekly-red-candle-while-btc-price-limits-weekend-losses\/","title":{"rendered":"# Bitcoin targets record 8th weekly red candle while BTC price limits weekend losses"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3a948a9efbb\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3a948a9efbb\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-targets-record-8th-weekly-red-candle-while-btc-price-limits-weekend-losses\/#%E2%80%9D_Bitcoin_targets_record_8th_weekly_red_candle_while_BTC_price_limits_weekend_losses_%E2%80%9C\" >&#8221; Bitcoin targets record 8th weekly red candle while BTC price limits weekend losses &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-targets-record-8th-weekly-red-candle-while-btc-price-limits-weekend-losses\/#Waiting_for_Bitcoin_to_%E2%80%9Cmake_a_decision%E2%80%9D\" >Waiting for Bitcoin to &#8220;make a decision&#8221;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-targets-record-8th-weekly-red-candle-while-btc-price-limits-weekend-losses\/#Bitcoin_Pizza_Day_is_here\" >Bitcoin Pizza Day is here<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bitcoin_targets_record_8th_weekly_red_candle_while_BTC_price_limits_weekend_losses_%E2%80%9C\"><\/span>&#8221; Bitcoin targets record 8th weekly red candle while BTC price limits weekend losses &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>Bitcoin (BTC) gave bears little joy over the weekend as the May 22 weekly close looked set to revolve around $30,000.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-05\/aaef7488-fe77-48fc-84af-44c2f25bbd94.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Waiting_for_Bitcoin_to_%E2%80%9Cmake_a_decision%E2%80%9D\"><\/span>Waiting for Bitcoin to &#8220;make a decision&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=BINANCE\">TradingView<\/a> followed BTC\/USD as it held a narrow range after the Wall Street trading week.<\/p>\n<p>With volatility absent, traders hoped for a move to larger areas of support or resistance next.<\/p>\n<p>\u201cStill wedged between the supply and demand zone .. Hoping for a break today so we have some juicy action to play with,\u201d popular trader Crypto Tony <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoTony__\/status\/1528259256004247553\/photo\/1\">summarized<\/a>, noting upside and downside targets were around $27,900 and $31,000, respectively.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Time for <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> to make a decision? <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/DEfNhuvnYa\">pic.twitter.com\/DEfNhuvnYa<\/a><\/p>\n<p>\u2014 Matthew Hyland (@MatthewHyland_) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/MatthewHyland_\/status\/1528146187563540483?ref_src=twsrc%5Etfw\">May 21, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Cointelegraph contributor Micha\u00ebl van de Poppe meanwhile <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1528080685130555392\">said<\/a> that he expected \u201cgreen numbers for Bitcoin\u201d over the coming week.<\/p>\n<p>Should it close at current levels of $30,000, meanwhile, BTC\/USD would still seal a record eighth consecutive red candle on the weekly chart.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-05\/896a2ed3-c5da-4940-a2c2-174306829cab.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-week candle chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<p>The week of the World Economic Forum could likewise be overshadowed by external market turmoil, Cointelegraph noting that the S&amp;P 500 had already lost 20% from its peak to enter official bear market territory.<\/p>\n<p>Fellow popular <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> account PlanC nonetheless noted that Bitcoin\u2019s correlation to stocks had been <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TheRealPlanC\/status\/1528214840615096320\">decreasing<\/a> compared to the previous months.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bitcoin_Pizza_Day_is_here\"><\/span>Bitcoin Pizza Day is here<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Attention was more focused on a different price story on the day, however, as May 22 marked the infamous Bitcoin Pizza Day.<\/p>\n<p><strong><em>Related:\u00a0Bitcoin Pizza Day rewind: A homage to weird and wonderful BTC purchases<\/em><\/strong><\/p>\n<p>On May 18, 2010,\u00a0Laszlo Hanyecz, one of the earliest Bitcoin miners, purchased two pizzas for a total of 10,000 BTC, saying at the time that he could alternatively sell the stash for around $41.<\/p>\n<p>Hanyecz&#8217;s move became legendary, with his original post advertising it on the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/bitcointalk.org\/index.php?topic=137.0\">Bitcointalk forum<\/a> still live.<\/p>\n<p>Then trading at under $0.0005 per coin, Bitcoin since <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>reciated by approximately 1.38 billion percent to reach its all-time highs of $69,000 eleven-and-a-half years later.<\/p>\n<p>According to dedicated monitoring resource, the Bitcoin Pizza Index,\u00a0Hanyecz&#8217;s purchase was worth $295 million as of May 22.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-05\/cfcf5ad0-6977-4bd6-a84a-40e34a0ed243.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin Pizza Index (screenshot). Source: Bitcoin Pizza Index<\/em><\/figcaption><\/figure>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-targets-record-8th-weekly-red-candle-while-btc-price-limits-weekend-losses\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bitcoin targets record 8th weekly red candle while BTC price limits weekend losses &#8220; Bitcoin (BTC) gave bears little joy over the weekend as the May 22 weekly close looked set to revolve around $30,000. BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView Waiting for Bitcoin to &#8220;make a decision&#8221; Data from Cointelegraph Markets Pro&#8230;<\/p>\n","protected":false},"author":1,"featured_media":451003,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjAtMDkvOTYzMDQ4N2EtYjM3MC00YTEwLTk1MGUtNzYyZTAwNDlkMzkzLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785],"class_list":["post-451002","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/451002","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=451002"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/451002\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/451003"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=451002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=451002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=451002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}