The last time Bitcoin saw such a long streak of green candles was July 2021, during the height of the pandemic.
Bitcoin (BTC) has clocked eight straight days of increasing prices and has surged back above $18,000 for the first time since mid-December.
The cryptocurrency hadn’t recorded such a prolonged winning streak since July 2021, at the height of the COVID-19 pandemic.
Seven day Bitcoin price chart. Image: CoinMarketCap
Over the last seven days, the price of BTC has increased nearly 8%, with a 4.1% surge in the last 24 hours at the time of writing.
Cointelegraph analysts predicted Bitcoin could rally to $18,000 as it’s upward price movement put pressure on $275 million worth of weekly options expiring Jan. 13, with bets placed at $16,500 and lower.
BTC’s price fell nearly 65% over 2022. The wider crypto market also faced headwinds resulting from numerous bankruptcies and collapses in the space in the same year.