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Bitcoin completes 10 straight red 4H candles, Jordan Kerridge notes

Bitcoin completes 10 straight red 4H candles, Jordan Kerridge notes
Bitcoin hits 40-hour downtrend streak

Jordan Kerridge highlights that Bitcoin has experienced a persistent 40-hour downtrend from Thursday through today.

According to Kerridge, the cryptocurrency recorded 10 consecutive red 4-hour candles, signaling continuous selling pressure.

Kerridge previously highlighted Binance founder CZ’s view that strong stock market performance can positively influence Bitcoin and the wider crypto sector in a recent article. In another note, he shared Strategy's assessment that a 2.3 percent annual increase in Bitcoin’s price could sustain company dividend payments over time, according to company projections. These observations provide context for his recent focus on Bitcoin’s ongoing downtrend.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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