Bitcoin Posts Rare Eight-Day Winning Streak, First in Four Years, but Pullback Risk Lingers
Consecutive daily gains in Bitcoin typically signal buying momentum and are particularly important for assessing the near-term trend. Historical data compiled by Cointelegraph show that Bitcoin has extended its advance roughly 60% of the time after an eight-day winning streak. However, the same pattern also appeared during the 2022 bear market, while halving cycles are often accompanied by significant pullbacks, leaving the market exposed to overheating risks.
Bitcoin closed higher for eight consecutive days starting March 9 and broke above $75,000 during the run, marking its first eight-day winning streak in four years. Despite the latest pullback, the market still considers BTC “overbought,” and the price may consolidate first. Whether it can hold firmly above $75,000 will be key to determining whether the rally continues or the correction deepens.
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2 original reportsThe Backstory
The history behind this eventBitcoin Sets 90-Day Uptrend Record as Analyst Sees Bull-Market Revival
Bitcoin has maintained an upward trend since late February, reflecting a recovery in risk appetite and market momentum. The run has surpassed the longest uptrend recorded during previous bear markets, prompting investors to consider whether Bitcoin has moved beyond a rebound and entered a new bull cycle.
The latest analysis shows Bitcoin's uptrend has extended to a record 90 days. Analyst Matthew Hyland said the move more closely resembles a bull-market rally. A return above $90,000 would be an important signal confirming that the bullish trend has formally resumed.
Bitcoin Rally Shows Distinct Trading-Hour Pattern
Bitcoin’s latest rally has followed a clear time-zone pattern, with most gains over the past three months driven by trading during Asia-Pacific and U.S. hours. This reflects shifts in global capital flows and risk appetite. The reports did not identify the research provider or the start and end dates of the data, so the findings remain subject to sample limitations.
The latest analysis found that Bitcoin generated its strongest average returns between 00:00 and 01:00 UTC, while Monday was its best-performing trading day. At the time covered by the reports, improving sentiment toward global risk assets was pushing Bitcoin toward the $82,000 threshold, although no exact date or real-time price was provided.
Bitcoin Posts Five-Month Losing Streak, Longest Since 2018
Bitcoin retreated from its October 2025 peak and ended February 2026 lower for a fifth consecutive month, marking its longest losing streak since the 2018–2019 bear market. eToro senior analyst Mati Greenspan said tariffs, ETF flows and macroeconomic risks were reshaping market pricing, while PrimeXBT reported $3.8 billion in net outflows from spot ETFs over five weeks.
CoinDesk reported on February 28 that BTC was trading at about $64,000, down 52% from its October peak after falling nearly 20% in February. CoinGlass data showed the annualized funding rate for perpetual futures had dropped to minus 6%, a three-month low that increased the potential for a short squeeze. The price briefly touched $65,000 by March 30, with the market watching whether it could reclaim the $68,000–$72,000 resistance zone. Failure to do so could leave March as Bitcoin’s sixth straight losing month.
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