Bitcoin Closes a Week in Red after 8 Weeks of Gains, But Meme Kombat Emerges

Bitcoin price didn’t perform well over the weekend, dropping around 3% on Monday and about 4% since Friday. At press time, BTC is trading around $40,540. Multiple crypto analysts weighed in on Bitcoin’s recent price action. Mags, a popular analyst with over 70k Twitter followers, tweeted: “Bitcoin just closed its first weekly candle in red after 8 consecutive weeks of upward... source: https://beincrypto.com/bitcoin-closes-a-week-in-red-after-8-weeks-of-gains-but-meme-kombat-emerges/