Joe Burnett: Bitcoin close to five consecutive red weeks for fifth time

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Bitcoin near rare streak of red weeks

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Mykhailo Ihnatenko

02.11.2026

Joe Burnett: Bitcoin close to five consecutive red weeks for fifth time — Bitcoin near rare streak of red weeks

Bitcoin is approaching a close of five consecutive red weeks, which has only occurred four times previously in its history. Joe Burnett stated that following the first three occurrences, Bitcoin compounded at rates between 36% and 123% annually over the next three years. Burnett also expressed a positive personal view of the cryptocurrency.

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Joe Burnett has recently commented on major events in the digital asset space. He noted a reported $5.5 billion Binance theft, calling it potentially history's largest. Burnett has also tracked corporate shifts, highlighting when Strive overtook Atlanta Braves Holdings in market capitalization.

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