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Bitcoin has unknowingly achieved 8 consecutive days of gains.
I checked the history of 8 consecutive days of gains over the past 5 years:
1. 2020-10-28 → 2020-11-04
BTC had 8 consecutive days of gains.
Subsequent trend:
→ A few days of pullback
→ Institutional bull market started
13000 → 69000
This belongs to:
The main upward wave has started.
2. 2023-01-09 → 2023-01-16
BTC had 8 consecutive days of gains.
Subsequent trend:
→ Sideways consolidation
→ Rise to 31000
This belongs to:
Early stage of bear market reversal.
What does it belong to now?
It feels like the market usually experiences a lot of FOMO during 8 consecutive days of gains, but not many are talking about it now.
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