📉💔 Bitcoin's Seven-Month Streak Nears Its End!

Leading crypto Bitcoin (BTC) faces the prospect of breaking its positive monthly closing streak, lasting since September.

😟 If BTC closes below $71,280, the seven-month run will come to a halt.

April proved turbulent for the crypto market, with BTC weakened by negative news and data, notably surrounding spot Bitcoin ETFs. 📉 The impact of Israel-Iran tensions and net outflow in spot Bitcoin ETFs loomed large, signaling potential downturns.

Despite starting April at $71,280, BTC is poised to close near $63,000, marking a significant deviation. 😮 This would end its remarkable seven-month streak of positive monthly closes.

The bullish trend for BTC began in September 2023, buoyed by news of potential spot ETF listings in the USA. 🚀 This sparked a parabolic rise in BTC's value, sustaining positive closes for seven consecutive months.

With April's increased selling pressure, BTC's streak faces jeopardy. 🚨 If BTC fails to rally by 16 percent by month-end, it will see a negative monthly close, ending the remarkable run.

Speculation mounts on BTC's trajectory, with industry experts suggesting a potential downward trend in May. 📉 Should this materialize, BTC would conclude two consecutive months in the red before a potential correction in June.

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