Bitcoin BTC$73,886.45 marked the eighth consecutive day of increases, a rare streak that historically coincides with continued increases.
According to data from CoinDesk, Bitcoin’s rally began on March 9, when Bitcoin was trading at around $68,000, and has risen daily since then, hitting a high of more than $75,000 early Tuesday. The rally coincided with heightened geopolitical tensions following the escalation of the Middle East conflict at the end of February, during which Bitcoin emerged as one of the best-performing major assets.
Historically, there have been 15 instances in which Bitcoin has been profitable for at least eight consecutive days. In the 30 days following these streaks, Bitcoin rose nine times and fell six times. This suggests a moderate bullish bias, but is far from a certainty.
According to data from Glassnode, the median return over these 30 days is around +19%, highlighting the potential for significant upside if momentum continues.
To explain further, the longest streak of daily gains was 12 days during the 2017 bull market. He has even gone on a 10-day winning streak several times, underscoring how abnormal his current performance is.
What’s next?
While this winning streak highlights strong short-term momentum, it is worth noting that this year, like 2022, falls into a historic bearish phase of Bitcoin’s four-year mining reward halving cycle, so caution may be advised before expecting further gains.
Additionally, similar winning streaks have occurred in bear markets, and they often precede more severe declines. For example, in 2022, Bitcoin recorded an 8-day winning streak in March. However, this rally turned out to be a temporary pullback within a broader downtrend, with prices declining approximately 30% over the next 30 days.
Comparisons are increasingly being made between the current 2026 cycle and the 2022 cycle. Both periods are in the contraction phase of Bitcoin’s four-year halving cycle, a structural pattern driven by planned reductions in mining rewards approximately every four years.
Historically, Bitcoin has fallen over 70% during bear markets. The continued bearish trend that began in October has seen prices drop 50% from their all-time high of over $126,000.
If that’s not enough, Bitcoin’s largest publicly traded holder, Strategy (MSTR), is currently on a similar price trajectory to 2022, according to Checkonchain data.
Taken together, this calls for cautious optimism rather than blind confidence.
MSTR/USD Performance, 2026 vs. 2022 (Checkonchain)
