111 days and daily candle

[Leviathan.007]

Today is another great day for Bitcoin.
Comparing to the last bull-run on 2017, there is one special thing on this year. 111 days passed since the last time daily candle was closed bellow 10,000 USD. This is the longest period of time in the history of bitcoin market when bitcoin could stay stable above 10,000 usd. Last time on 2017 bitcoin could stay above 10,000 only for 29 days. 111 days and bitcoin is still stable above 10K!

[jackg]

We're now very far above the $10k region too so I imagine it could at least last a while even if some sort of crash sets in...

$16k was a predictive level, the only other level up is around the 22k region, a pull back is likely before then but I don't think we could go below $10k for a while (at least without not turning extremely bearish).

[Tytanowy Janusz]

It is also worth to add, that there was only 17 days in which you could buy/sell BTC at current price or higher. 278 hours being more precise. We've been waiting 2 years and 10 months.

[Fundamentals Of]

There is a high possibility that we will never see $10,000 again. We have been above it for a long time now, at least as far as the past price movements of Bitcoin. Bitcoin's demand has probably cemented its price at the five-digit level. The demand is still rising.

Money has flown into Bitcoin more and more now thanks to the pandemic partly. That must have made fiat look very fickle in the eyes of rich investors. World investors are now seeing the value of Bitcoin, its strong foundation which is not in any way dependent on an equally fickle economy and leaders.

[HabBear]

It is also worth to add, that there was only 17 days in which you could buy/sell BTC at current price or higher. 278 hours being more precise. We've been waiting 2 years and 10 months.

This a cool stat...thanks for looking it up and sharing.

There should be a documentary called 278 hours about that fateful holiday run when BTC soared from under $15k to nearly $20k (or past by some indexed accounts) and then proceeded to fall from the sky like Icarus getting too close to the sun. #Icarito!

The doc could have James Franco representing the everyman from LA to Toronto from Surrey to Madrid and all points east...paralleling the euphoria and panic swell with the glee and depression that can swing with the holidays. From New Year's Eve highs to New Year's Day withdrawals...the head aches louder and louder.

That moment was the first feeling of "holy shit, this is happening" and it should be immortalized.

I might have to cut my arm off to escape the suspense of what comes next...

[philipma1957]

Today is another great day for Bitcoin.
Comparing to the last bull-run on 2017, there is one special thing on this year. 111 days passed since the last time daily candle was closed bellow 10,000 USD. This is the longest period of time in the history of bitcoin market when bitcoin could stay stable above 10,000 usd. Last time on 2017 bitcoin could stay above 10,000 only for 29 days. 111 days and bitcoin is still stable above 10K!

nice work. i have been doing closing numbers

and nov 2020 is the first month we have been above a 13000 closing for the first 16 days.

our prior longest streak above 13000 was jan 1 2018 to jan 15 2018.

tomorrow is a big day if we close above 15000 we will break the longest streak above 15000 close

dec 11 2017 to dec 21 2017 is 11 day streak

we are

nov 6 2020 to nov 16 2020 11 day streak we need to extend it.

all my indicators from mining ⛏ profitability show we may breach 25k to 30k then do a correction.

followed by a big runup in fall 2021

[DoublerHunter]

^ Being in this level for a long period of time i.e. 111 days and despite this pandemic and economic recession that we have gone through I believe bitcoin became stronger now it may dump for a thousand dollars but will remain above $10,000. Chances are because of the need for digital currency and safe haven for an asset bitcoin value may either rise and be consistent in its place right now yet far from bearish that will go below the $10k anymore. Nevertheless, that is nice to work, OP, it shows that we are near to the new ATH.

[STT]

Impressive action but I tend to go off the averages rather then absolute price alone, so to me more impressive is the 200 day average strength in recovery this year and that too is in the region of 10k.   Some people want to say we'll never go beyond 10k again as its such a strong rise and overall I agree with the positive sentiment but I also know how volatile markets can be and so our willpower below this level I believe will be tested because thats how it works.   Easy gains and then harder times at some point where you have weigh up how much do you want to hold on.    Right now Dollar is weak so its all blue skies in that respect but we all know the world has enough trouble to cloud that vision at least temporarily along the road.