Quick Take
Bitcoin has recently recorded eight consecutive weeks of gains from Oct 16 to Dec 4, a phenomenon that has only happened six times in the past.
Streak Start Date
Streak End Date
2010-12-06
2011-01-24
2012-05-14
2012-07-02
2013-01-07
2013-02-25
2013-10-07
2013-11-25
2015-09-14
2015-11-02
2017-04-17
2017-06-05
2023-10-16
2023-12-04
Source: Glassnode
Current figures depict a slight 3.3% downturn for Bitcoin this week. For a positive week, Bitcoin’s value would need to reach around $44,000.
If the value reaches around $44,000 by the end of next week, it could mark a ninth consecutive week of gains—an event only experienced three times in history.
Streak Start Date
Streak End Date
2010-12-06
2011-01-31
2012-05-14
2012-07-09
2013-01-07
2013-03-04
Source: Glassnode
Bitcoin Weekly Price Performance: (Source: Glassnode)
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