Bitcoin Records Three Consecutive Red Weekly Candles for First Time Since May

Bitcoin has recorded three consecutive weekly losses for the first time since May 2026, raising concerns that BTC could repeat the sharp correction that followed a similar pattern earlier this year. Crypto trader ‘That Martini Guy’ highlighted the development, noting that Bitcoin was approaching its third consecutive red weekly candle. He also drew attention to the previous occurrence in May, when a similar losing streak preceded a complete retracement of Bitcoin’s early second-quarter rally. Bitcoin’s latest downturn has now extended across three consecutive weeks as of the time of writing. During the first losing week, from October 5 to October 11, BTC fell from an opening price of $86,490 to close at $83,679.

First reported by The Crypto Basic. This page is a short excerpt; the full text is theirs.