BTC eight green candle on daily chart?👀💥
As of April 25, 2025, Bitcoin hit seven consecutive green daily candles, with traders eyeing an eighth is extremely rare and signals intense bullish momentum. Historically, this has often preceded significant price rallies. For example, in December 2020, Bitcoin achieved eight consecutive green daily candles, followed by a "mega pump" rally that pushed prices from around $20,000 to $30,000. Another instance occurred in July 2021, when eight green candles marked the start of a strong upward movement, though it didn’t immediately break all-time highs.
The current price is approximately $94,700with a 11% weekly gain and a 14-day RSI of 64.09, indicating neutral but leaning bullish momentum. No data explicitly confirms an eighth green candle as of today, but posts suggest strong bullish sentiment, with price testing resistance around $88,000–$90,000.
If an eighth green candle forms, historical patterns suggest a potential for further upside, possibly targeting $100,000, especially if accompanied by high volume and a break above key resistance levels like $87,000 or the 21-week EMA (~$86,560). However, traders should remain cautious, as RSI nearing overbought levels (70+) or bearish candlestick patterns (e.g., doji or shooting star) could indicate a reversal. Always cross-reference with indicators like MACD, volume, or moving averages, as candlestick streaks alone aren’t definitive predictors.
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