Historically, Bitcoin's daily chart has only experienced 5 instances of "8 consecutive up days."



1、Early 2013 bull market, BTC was still at a few hundred dollars. After the 8 consecutive up days, it continued to surge, directly rushing toward the thousand-dollar mark.
The sentiment back then was: poor people turning their fortunes around, if you miss it, wait another ten years.

2、2017 major bull market, one of the crazy phases. 8 consecutive up days were often just a fragment within a larger trend, then directly surged toward $20,000.
Social media was full of "all-in."

3、2020–2021 cycle, pandemic monetary stimulus + institutional entry. The 8 consecutive up days often appeared on the eve of breakouts, ultimately reaching the historical high of $69,000.
Sentiment: this time is really different.

4、2024 ETF market
Spot ETF approval, market pulled up from the bottom. After the 8 consecutive up days, it continued to new highs, entering the $100K+ range.
Sentiment: institutional bull market just beginning.

5、One more minor rally (around 2019)
A bear market end bounce, later heavily washed out. 3 times directly entered the main uptrend, 1 time a consolidation acceleration, then the main uptrend. 1 time a false breakout (that was after the crypto total market cap surge). Previously, every time there were 8 consecutive up days, nobody went all-in because everyone was terrified of being washed out. Before the pump, there was crazy volatility.
BTC-2,28%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin