After the historical Black Thursday collapse in March, Bitcoin went above $ 8,000 for the first time. The leading crypto money, which approaches $ 9000 and sees $ 8800, is bought and sold at $ 8650 in the minutes when the news goes live.

On the other hand, Bitcoin has been about to be the first one since May 2017, with 7 consecutive green candles. If the price closes above $ 7708 in the week that will end on Sunday, the cryptocurrency will have increased for 7 consecutive weeks, as it did in May before $ 20,000.

7-week bullish series in Bitcoin in 2017 and 2016, source: NewBTC

The decline comes just after the 7-week series

On the other hand, it is observed that there is a decrease in the short term after the 7-week series. In the week following the 7-week bullish series in late 2015 and April and May of 2017, the price of cryptocurrencies declined, but in the medium and long term