Bitcoin logs 8‑day winning streak, echoes 2022 rally
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- Bitcoin logged eight consecutive daily gains, a streak not seen in four years, rising from around $68,000 on March 9 to above $75,000 early Tuesday.
- Glassnode data shows fifteen prior eight‑day streaks, with a median 30‑day gain of +19% and a 9‑out‑of‑15 chance of higher price in the following month.
- Middle East conflict escalation after February coincided with Bitcoin emerging as one of the best‑performing major assets.
- Halving cycle analysis places 2026 and 2022 in the contraction phase of Bitcoin’s four‑year mining reward cycle, a period historically linked to bear markets.
- Strategy (MSTR) price trajectory in 2026 mirrors its 2022 pattern, according to Checkonchain data.
- 2022 eight‑day streak during a bear market was followed by a ~30% price drop over the next 30 days, underscoring caution.
Why it matters: Investors see short‑term gains as Bitcoin surges, but traders and long‑term holders risk losses if the streak mirrors the 2022 rebound that preceded a 30% drop, especially as the halving‑cycle contraction suggests broader market weakness and could pressure other crypto assets.
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