Unstoppable Momentum? Bitcoin Rallies for Eight Straight Days
-
Bitcoin has recorded an unbroken streak of daily gains.
According to market data, the cryptocurrency has recorded its eighth consecutive green daily candle.
An eight-day streak
The streak began with a powerful engulfing candle (Day 1) that pushed the price out of the mid-$60,000 range.
Days 3 through 6 were characterized by steady green bodies.
The streak culminated in explosive momentum on Days 7 and 8, with large, full-bodied green candles driving the price past the $72,000 and $74,000 resistance thresholds.
As of the eighth day, Bitcoin is trading comfortably above $74,600.
What is most striking about this specific sequence is the lack of significant lower wicks on the daily candles.
The market is barely allowing for intraday pullbacks, meaning buyers are aggressively stepping in at the daily open.
In late 2025, Bitcoin experienced a catastrophic drawdown, plummeting from highs near the $120,000 mark down to a brutal floor near $60,000 by February 2026.
The recent eight-day green streak marks the first time since that massive drop that the bulls have demonstrated sustained control.
However, it remains to be seen whether this momentum will continue. After peaking at $76,000, reaching the highest level in weeks, the top cryptocurrency has now dipped back below $74,000.
source: https://www.tradingview.com/news/u_today:6f8586128094b:0-unstoppable-momentum-bitcoin-rallies-for-eight-straight-days/
Hello! It looks like you're interested in this conversation, but you don't have an account yet.
Getting fed up of having to scroll through the same posts each visit? When you register for an account, you'll always come back to exactly where you were before, and choose to be notified of new replies (either via email, or push notification). You'll also be able to save bookmarks and upvote posts to show your appreciation to other community members.
With your input, this post could be even better 💗
Regisztrálás Belépés