The S&P 500 and Nasdaq fell for five consecutive weeks, indicating that retailers continue to reduce exposure to risky assets. The close correlation of Bitcoin (BTC) with stock markets in the United States has resulted in its price remaining under pressure.

Bitcoin continued its decline over the weekend and is now on track for its sixth consecutive weekly loss, the first such event since 2014. Bitcoin weakness has pulled the entire crypto market, whose market capitalization has fallen below $ 1.6 trillion.

Daily review of crypto market data. Source: Coin 360

When the mood is bearish, traders sell any negative news. The reduction in the stable TerraUSD (UST) coin in US dollars also seems to increase the pressure on sales in the crypto market.

After six consecutive weekly Bitcoins ended in the red, is it time to recover? Let’s study the charts of the top 5 cryptocurrencies that show signs of stabilization in the near future.