Bitcoin Sees First 8-Day Rally in 4 Years, Median 19% Gain in Subsequent Performance

BlockBeats News, March 17th: Bitcoin has recorded gains for 8 consecutive trading days since March 9th, the first time in nearly 4 years.

According to glassnode data, Bitcoin has experienced a minimum of 8 consecutive daily gains 15 times in history. Subsequently, there were 9 instances of continued gains and 6 instances of declines in the following 30 days. The median price increase over 30 days was about 19%.