If the price of Bitcoin does not fall below $ 10,000 USD by the close of today's daily candle, October 16, it will equal the second longest that the crypto has not experienced the 4-digit value.
The price has been consolidating a substantial price range over $ 10,000 for a good period of time, and appears to form a consolidated basis to support a major rise.
The record
At the end of 2017 the Bitcoin price was in fifth gear and left the $ 9,000 house on 11/30/2017, opening December above $ 10,000.
For the next 44 days, the Bitcoin price did not return below 5 digits at any time, remaining there until January 15, 2018, when it set a low of US $ 9,000.
It was in this period of time that the price of Bitcoin went through strong volatility reaching its historic top close to $ 20,000 dollars.
Trying to break the record
Almost 3 years later, from July 27 to September 1, 2020, Bitcoin's price remained fully above $ 10,000 USD for 36 days, thus establishing the second largest historical period above this price line.
Then, from September 2 to 8, the bears tried to push Bitcoin down, and all these days the price of the cryptocurrency touched the $ 9,000 dollar high house, but came back to close above the $ 10,000 dollar mark.
However, since September 9, the price of Bitcoin does not know what it is like to be below the $ 10,000 dollar mark, and so it adds up to 35 full days above this price line.
The chart above shows the price of Bitcoin in the last quarter, and in it there are 3 record price periods above $ 10,000 USD.
The other record above $10,000 USD
Since the end of July the price of Bitcoin has started to close its daily candles above $ 10,000 USD, setting a new time record by closing daily candles above 5 digits.
The record remains today, and it has been 80 days since the beginning, on July 26 this year, as shown in the graph.
Now, Bitcoin is aiming for a new record, that of staying entirely above this charismatic price range. Exact 10 days to go.
Just to give you an idea of ??what this means, know that it is not usual for Bitcoin to stay above $ 10,000 USD for long periods of time.
Except for the 3 periods shown in this report, just at the beginning of August 2019, the price of Bitcoin remained totally above the $ 10,000 dollar mark for more than 10 days.
At the time, it was just 11 days up, which is a far cry from current times and from the 2107 \ 2018 bull run.
And now?
At the time of this writing the price of Bitcoin is trying to break the $11,500 dollar range to go there to see which is the $11,900-12,000 dollar range.
The price doesn't seem to want to go to test supports in bands under $11,200, but you never know.
I've been hitting the concept that one day Bitcoin will leave the 4-digit house behind forever.
This has already happened with the $1, $10, $100 and $1,000 dollar house.
Who knows, we may be experiencing the period when the $10,000 dollars will never be seen again?
