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Bitcoin on the cusp of historic 9th consecutive week of gains

Data via Glassnode

With eight weeks of gains behind it, Bitcoin inches ever closer to breaking previous records.

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 DateStreak End Date
2010-12-062011-01-24
2012-05-142012-07-02
2013-01-072013-02-25
2013-10-072013-11-25
2015-09-142015-11-02
2017-04-172017-06-05
2023-10-162023-12-04

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 DateStreak End Date
2010-12-062011-01-31
2012-05-142012-07-09
2013-01-072013-03-04

Source: Glassnode

Bitcoin Weekly Price Performance: (Source: Glassnode)
Bitcoin Weekly Price Performance: (Source: Glassnode)