Another record, this is the 79th day on 2020 in which BTC has opened above 10k.

[wxa7115]

Number of days above 10k by year

2017	33 days
2018	47 days
2019	78 days
2020	15 days and counting

Months ago I made this post and today bitcoin surpassed its previous mark of 78th days in a single year opening above 10k and it now it has reached 79th days and it has also reached its 72nd consecutive day being above 10k.

While it is true some people have been disappointed by the fact that we have not reached its previous ATH yet, there is one single conclusion we can take from all of this, the price of bitcoin over the long term is increasing and we are slowly leaving behind the 10k level, and whether this happens in a flash like in a bull run or it takes us years it does not matter since the price of bitcoin keeps increasing and its value as an investment does as well.

Do you think we will be able to reach the mark of 100 days opening above 10k during this year or the price will go down before this happens?

Source: https://www.coingecko.com/en/coins/bitcoin/historical_data/usd#panel

[DougM]

Number of days above 10k by year

2017	33 days
2018	47 days
2019	78 days
2020	15 days and counting

Months ago I made this post and today bitcoin surpassed its previous mark of 78th days in a single year opening above 10k and it now it has reached 79th days and it has also reached its 72nd consecutive day being above 10k.

While it is true some people have been disappointed by the fact that we have not reached its previous ATH yet, there is one single conclusion we can take from all of this, the price of bitcoin over the long term is increasing and we are slowly leaving behind the 10k level, and whether this happens in a flash like in a bull run or it takes us years it does not matter since the price of bitcoin keeps increasing and its value as an investment does as well.

Do you think we will be able to reach the mark of 100 days opening above 10k during this year or the price will go down before this happens?

Source: https://www.coingecko.com/en/coins/bitcoin/historical_data/usd#panel

good point! It is impressive how long we have been over 10k this year. IMHO it will stay above 10k for 100+ days as long as we don't see the market correction I think is coming. Stock market prices don't justify these prices given covid-19 environment.

[seoincorporation]

It has jumped above 10k but we all want to see it hitting $20k again, and i don't see that happening this year. I think the halving was the chance to see that big bump on the prize but didn't happen. So maybe the end of the year has a nice surprise for us. Let's keep watching that bitcoin value.

[verita1]

This is a good sign that Bitcoin shows us. It is further evidence that Bitcoin is still the first asset in the crypto market for its trust and excellence. I remain optimistic that the price of Bitcoin will continue to rise and that there is a wide possibility that we will reach 100 days relative to the 10K mark. If there was something so negative that happened that could affect it, it could fall. But it is a lesser possibility.

[Serious475]

It has jumped above 10k but we all want to see it hitting $20k again, and I don't see that happening this year. I think the halving was the chance to see that big bump on the prize but didn't happen. So maybe the end of the year has a nice surprise for us. Let's keep watching that bitcoin value.

We still have a couple of months before the year 2020 ends and within those months there are many possible things that might happen, there are many people who are looking for $20k within this year and there are also many people who get disappointed because it seems like it wouldn't happen but for me I will still hope for it. There are still many things that mught happen, we dont have control o
n it.

[Alucard1]

I am also looking for this year to reach the record of the year 2019 but I am more looking if the price goes up to $20k, it would be a big profit if this would happen.

We still have a couple of months before the year 2020 ends and within those months there are many possible things that might happen, there are many people who are looking for $20k within this year and there are also many people who get disappointed because it seems like it wouldn't happen but for me I will still hope for it. There are still many things that mught happen, we don't have control over it.

That is true, we still have many months before 2020 ends and there are also many things that might happen within these 3 months, maybe we could see the price of bitcoin hitting up to $20k, if this would happen, I will consider it as our Christmas gift, this is what can make us excited and happy.

[Poker Player]

It has jumped above 10k but we all want to see it hitting $20k again, and i don't see that happening this year. I think the halving was the chance to see that big bump on the prize but didn't happen. So maybe the end of the year has a nice surprise for us. Let's keep watching that bitcoin value.

I wouldn't give the influence of halvening up for lost. ATHs after halving were never immediate, they took months. I believe that if we have ATH before Christmas it is in part because of the influence of having. Although in a broad sense, as long as it is produced before the next halving, the bitcoin will be following its trend.

[OcTradism]

In my perspective as an investor, I don't care of it. Profit or loss is from entry and exit price, not from historic price or records.

I know OP wanted to show the increase of momentum and is reflected on the new record. As said, choose good entry and make good exit to get profit for your investment. You can not look at records and rely on them to hope for investment profit. You need to take right and determinant actions for your investment and your orders on market.

Bitcoin set up its all time high in 2017 but not many people got benefits from its all time high. Many people got loss because they bought in all time high range and did not take loss. When they decided to take loss, they took it at bottom range. 

[LogitechMouse]

This is just one proof that Bitcoin's strong psychological support right now is at $10,000.
I'm not expecting it going below that price though but still there is a chance.

I'm still waiting for signs that Bitcoin will go near the $14,000 again then going higher up to the $20,000 price. Not this year for sure but within the next 2 years maybe .

Do you think we will be able to reach the mark of 100 days opening above 10k during this year or the price will go down before this happens?

As the strong support at the $10,000, there is a chance that Bitcoin's price will be above $10,000 for 100 days .
Although I'm optimistic that this will happen, I'm not removing the fact that there is still a chance that it could go lower too.

[DdmrDdmr]

<...>

The data differs slightly if we take as a source for the Data CoinMarketCap vs CoinGecko:

2020 -> 78 days with opening 10K or above (as of 06/10/2020. 79 if we count today).
2019 -> 79 days with opening 10K or above (one day more than CoinGecko).
2018 -> 49 days with opening 10K or above (two days more than CoinGecko).
2018 -> 32 days with opening 10K or above (one day less than CoinGecko).

Drop in the ocean in the big picture, but 2019’s record won’t be surpassed until tomorrow by CoinMarketCap’s criteria (all going well).

See: https://public.tableau.com/shared/JYCDYH2H5?:display_count=y&:origin=viz_share_link

[hatshepsut93]

So, the last year, 2019, had as much days above 10k as this year, and we still had a dive to below $4,000, despite the seeming bullishness of the market. I really don't see any indicators that could tell that the price will be rising or falling soon, it's still impossible to predict just like it was years ago. Both very high and very low prices are on the table, or maybe this stagnation will continue for even longer.

I'm at the point where I don't need to tell myself that the bull run is coming soon, I'm going to hodl as long as it takes. 1 year, 3 years, even 5 years.

[Oasisman]

Number of days above 10k by year

2017	33 days
2018	47 days
2019	78 days
2020	15 days and counting

Do you think we will be able to reach the mark of 100 days opening above 10k during this year or the price will go down before this happens?

Well, just like what you said, "that doesn't matter" If Btc stays above $10k or it will go below. The most important thing is Btc  continues to rise each and every year.
Below $10k price doesn't mean a bad thing for investors anyway, specially those who are holding long term as it will open up another opportunity to accumulate more.

It's a good thing to see a table like this to show us data about the price development every year. This might be a good indicator that Bitcoin has still it's low way to go.

[BlackHatCoiner]

I still can't believe that bitcoin price was below $6000 in March... Cheers to those who invested a lot. Although, I wouldn't invest right now... I think that prices will dump again with the current crisis. We should not forget the stock market that affects cryptos.

Anyway, good job bitcoin. I hope we see a topic with this title in a year:

Another record, this is the 79th day on 2021 in which BTC has opened above 20k.

[gabbie2010]

I am also looking for this year to reach the record of the year 2019 but I am more looking if the price goes up to $20k, it would be a big profit if this would happen.

We still have a couple of months before the year 2020 ends and within those months there are many possible things that might happen, there are many people who are looking for $20k within this year and there are also many people who get disappointed because it seems like it wouldn't happen but for me I will still hope for it. There are still many things that mught happen, we don't have control over it.

That is true, we still have many months before 2020 ends and there are also many things that might happen within these 3 months, maybe we could see the price of bitcoin hitting up to $20k, if this would happen, I will consider it as our Christmas gift, this is what can make us excited and happy.

Well there are some major events that should have a great impact on the price of Bitcoin while above $10K one of which was the news of Trump contacting Covid-19 immediately that news came out BTC dumped massively but recovered afterward, there was a case of Kucoin exchange hacking, a tweet from Trump yesterday also had an impact on the price dumping to $10500+ still the price is bouncing back, I believed the price will stay above this level till the end of this year i.e more than 79 days is very realistic.

[wanted sliter]

Any chart pattern takes enough time to form. I believe that after the US election ends and the stimulus is released everything will go into orbit again. I predict that the world economy will recover, production and services will return to orbit. Tethers will issue a few more billion dollars, and bitcoin will soon reach ATH in Q1 2021.

[palle11]

Do you think we will be able to reach the mark of 100 days opening above 10k during this year or the price will go down before this happens?

The times that bitcoin is now is ranging. Such long time of no identified volatile market can simply tell us it is ranging and preparing for movement. At the meantime now selling at $10,631 and with a direction looking for dropping beyond to $10,000 but we can all wait to see how it will pull when it does.

[CasherUp]

Excellent friend, if you are absolutely right and hopefully it does not fall below 10K rather follow its upward trend despite the fact that there are many positive fundamentals and even more so that the usability of cryptocurrencies increases more and more, greetings

[BrewMaster]

it is not surprising. bitcoin bull market started a while ago and this is one of the signs. at the beginning it won't be fast with big rises. every time we start a big and long bull market it starts slowly at first and it can continue that way for a year before we reach the ending months when price shoots up a lot in short then the bubble.

the main sign is that each time we pass a major resistance it becomes one of the strongest supports which has been the case with $10k so far.

another important thing to take away from this is that for the past 79 days that other markets such as stock have been having terrible returns and in many cases got dumped hard even, bitcoin has been stable and solidifying its position.

[kryptqnick]

Number of days above 10k by year

2017	33 days
2018	47 days
2019	78 days
2020	15 days and counting

Months ago I made this post and today bitcoin surpassed its previous mark of 78th days in a single year opening above 10k and it now it has reached 79th days and it has also reached its 72nd consecutive day being above 10k.

While it is true some people have been disappointed by the fact that we have not reached its previous ATH yet, there is one single conclusion we can take from all of this, the price of bitcoin over the long term is increasing and we are slowly leaving behind the 10k level, and whether this happens in a flash like in a bull run or it takes us years it does not matter since the price of bitcoin keeps increasing and its value as an investment does as well.

Do you think we will be able to reach the mark of 100 days opening above 10k during this year or the price will go down before this happens?

Source: https://www.coingecko.com/en/coins/bitcoin/historical_data/usd#panel

That's some cool data! So overall, it seems that 2019 and 2020 were pretty great for Bitcoin, even though some significant downward trends were also a thing. But that being said, less than 3 months of a solid price out of 12 is not ideal. And the number of days is not increasing fast over the years. If it were around 20 additional days each year, it would take 4 years or a bit more for the price to be over $10k for just half a year. Do you think that's really the pace Bitcoin price is going to take? I also think it would be useful to pair this data with that of the price being, say, below $7k, to see whether the gap is getting smaller.

[Darkelf11]

Number of days above 10k by year

2017	33 days
2018	47 days
2019	78 days
2020	15 days and counting

~
Do you think we will be able to reach the mark of 100 days opening above 10k during this year or the price will go down before this happens?
~

I see this new record as a good sign for bitcoin investments. The thing that it strongly stays above 10k, helps bitcoin to gain more trust from investors, thus hodling this asset for a long period of time will pay off. I said this as an personal opinion since this is what my assessments for this kind of events. Even though bitcoin's price currently strong at above 10k and slowly increases, it does not mean that bitcoin will reach new ATH after this. But for for me, I this year bitcoin will drop 10k or even 10k. But who can tell what can happen next?