In fact, referring to the average daily price, the last time this was below $10,000 was on July 26, 2020, but since the 27th it has always been above this threshold.
Since then one hundred days have passed, during which time the average daily price has never fallen below $10,000.
To tell the truth, already on September 28th, it had set the highest ever record of the highest number of consecutive days with an average price above $10,000, exceeding even the strip recorded during the big speculative bubble at the end of 2017. But then it was only 61 consecutive days, that is two months, while now it has become 100, more than three months.
In addition, on the horizon there does not seem to be a short time to see a fall below that threshold, so much so that some even speculate that the price of BTC may never return below $ 10,000.
It should also be noted that it is now 25 days that the BTC price is consecutively above $11,000, and 11 consecutive days that it is above $13,000, but these are strips that are a little less likely not to be interrupted.
Bitcoin’s 100 days above $10,000
Incidentally, in these 100 days, only 38 times the average daily price was lower than $11,000, or in 62% of cases the price was higher than not only $10,000, but also $11,000.
This suggests that the $10,000 threshold is much more solid than the $11,000 threshold, which is perhaps why many believe that it is very unlikely to fall back to the July 26 levels.
What is certain is that the current trend is markedly different from that of the end of 2017, when in less than 30 days the price rose from $8,000 to $20,000 and then fell back to $6,000 in less than 60 days.
In other words, from November 2017 to February 2018, in 100 days, the price went from $8,000 to $6,000 passing through $20,000, while now it is from 100 consecutive days above $10,000.
The context, on the other hand, has completely changed, and is almost totally different, so it is hardly surprising that BTC’s price behavior is so different than it was then.
It remains to be seen how much longer this strip will last.