{"id":23655,"date":"2026-03-18T16:04:59","date_gmt":"2026-03-18T16:04:59","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2026\/03\/18\/btc-posts-8-consecutive-green-daily-candles-breakout-ahead-or-a-pullback-looms\/"},"modified":"2026-03-18T16:04:59","modified_gmt":"2026-03-18T16:04:59","slug":"btc-posts-8-consecutive-green-daily-candles-breakout-ahead-or-a-pullback-looms","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2026\/03\/18\/btc-posts-8-consecutive-green-daily-candles-breakout-ahead-or-a-pullback-looms\/","title":{"rendered":"BTC posts 8 consecutive green daily candles \u2014 breakout ahead or a pullback looms?"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span style=\"font-weight: 400;\">Bitcoin has an 8-day winning streak, marking its longest streak since March 2022, as the market remains influenced by macroeconomic factors and geopolitical developments. The recent rally has pushed BTC close to key resistance levels, with the potential for a breakout toward a <\/span><b>mid-term target<\/b> <b>of $80,000\u2013$85,000<\/b><span style=\"font-weight: 400;\"> or a temporary rebound before a pullback.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bitcoins_8-day_winning_streak_draws_market_attention\"\/><b>Bitcoin\u2019s 8-day winning streak draws market attention<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">Bitcoin has just posted eight consecutive green daily candles, propelling price action into the <\/span><b>$73,000\u2013$75,000 resistance zone<\/b><span style=\"font-weight: 400;\">, where momentum has begun to plateau.<\/span><\/p>\n<div id=\"attachment_161549\" style=\"width: 2176px\" class=\"wp-caption alignnone\"><noscript><\/noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-161549\" class=\"lazyload size-full wp-image-161549\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2026\/03\/chart-ngay-btc.jpg\" alt=\"BTC Price Chart\" width=\"2166\" height=\"1420\"\/><\/p>\n<p id=\"caption-attachment-161549\" class=\"wp-caption-text\">BTC Price Chart. Source: TradingView<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">This extended rally reflects relatively steady buying pressure rather than sharp, sudden pumps. However, a notable point is that most of the upward move has occurred without a corresponding <\/span><b>surge in trading volume<\/b><span style=\"font-weight: 400;\">, suggesting the market remains cautious.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Still, the ability to sustain eight consecutive green sessions has been enough to draw traders\u2019 attention, especially as historical patterns show that such streaks are often followed by a significant move in either direction.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Market_backdrop_over_the_past_few_weeks\"\/><b>Market backdrop over the past few weeks<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">A mix of macro data and geopolitical shifts has dominated global markets in recent weeks.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the U.S., the Federal Reserve has maintained a cautious stance as inflation, although easing, remains sticky. February data showed CPI rising 0.3% month-over-month and 2.4% year-over-year, while core CPI remained around 2.5%.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the same time, the labor market has started to show signs of weakening, with nonfarm payrolls contracting by 92,000 jobs and the unemployment rate rising to 4.4%, adding uncertainty to the policy outlook.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Spot Bitcoin ETFs have been a major driver behind this rally, with steady inflows helping absorb sell pressure from long-term holders. While inflows remain positive, the buying pace is starting to slow down. This suggests institutional interest might be hitting a temporary ceiling as BTC faces heavy resistance near $75,000.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the geopolitical front, tensions in the Middle East show no clear signs of easing. Oil prices briefly surged above $100 per barrel over the past week, increasing concerns about a potential resurgence in inflationary pressure.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Despite these headwinds, financial markets remain in a \u201ccontrolled risk-on\u201d mode. In crypto markets, funding rates remain positive while open interest continues to rise, indicating that long positions are being built as Bitcoin recovers.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Similar_streaks_in_the_past_mixed_outcomes\"\/><b>Similar streaks in the past: mixed outcomes<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">Bitcoin has recorded similar streaks in the past, but the outcomes have not been consistent.<\/span><\/p>\n<div id=\"attachment_161552\" style=\"width: 2168px\" class=\"wp-caption alignnone\"><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-161552\" class=\"size-full wp-image-161552\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2026\/03\/chuoi-8-032022.png\" alt=\"Bitcoin\u2019s 8-day winning streak in the March 2022 chart.\" width=\"2158\" height=\"1404\"\/><\/noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-161552\" class=\"lazyload size-full wp-image-161552\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2026\/03\/chuoi-8-032022.png\" alt=\"Bitcoin\u2019s 8-day winning streak in the March 2022 chart.\" width=\"2158\" height=\"1404\"\/><\/p>\n<p id=\"caption-attachment-161552\" class=\"wp-caption-text\">Bitcoin\u2019s 8-day winning streak in the March 2022 chart. Source: TradingView<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">In March 2022, BTC posted a similar streak of around eight consecutive green candles, pushing the price toward the $47,000 level. The rally did not last long. Over the following 2\u20133 weeks, the price dropped below $40,000, marking a decline of roughly 15\u201320% from the local top, before continuing its broader downtrend in the months that followed.<\/span><\/p>\n<div id=\"attachment_161553\" style=\"width: 2158px\" class=\"wp-caption alignnone\"><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-161553\" class=\"size-full wp-image-161553\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2026\/03\/Chuoi-10-072021.png\" alt=\"Bitcoin extended its green streak in the July 2021 chart.\" width=\"2148\" height=\"1390\"\/><\/noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-161553\" class=\"lazyload size-full wp-image-161553\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2026\/03\/Chuoi-10-072021.png\" alt=\"Bitcoin extended its green streak in the July 2021 chart.\" width=\"2148\" height=\"1390\"\/><\/p>\n<p id=\"caption-attachment-161553\" class=\"wp-caption-text\">Bitcoin extended its green streak in the July 2021 chart. Source: TradingView<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">Earlier, in mid-2021, Bitcoin recorded a longer streak of about 10 consecutive days, pushing the price close to $40,000. The market then entered a short correction, with a decline of around 8\u201312% over 1\u20132 weeks, before recovering and continuing its upward trend in the following weeks.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Analysts_are_split_on_Bitcoins_next_move\"\/><b>Analysts are split on Bitcoin\u2019s next move<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">Analysts are divided on Bitcoin\u2019s short-term outlook, as technical signals and capital flows present mixed views.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Analyst Aaron Dishner believes the recent rally may be entering its late stage. In a recent post, he noted that the daily RSI has entered overbought territory, while lower timeframes, such as the 4-hour chart, show even higher levels of overheating.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Nine consecutive green daily candles and the bear flag is somehow still intact. BTC broke above the April 7th pivot low at $74,508 and is sitting at $75,633. RSI confirmed overbought at 78.81 on Monday&#8217;s close, approaching the previous peaks of 82.59 and 82.07 from January. OBV&#8217;s\u2026 <a href=\"https:\/\/t.co\/dsdxF14OSP\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">pic.twitter.com\/dsdxF14OSP<\/a><\/p>\n<p>\u2014 Aaron Dishner (@MooninPapa) <a href=\"https:\/\/twitter.com\/MooninPapa\/status\/2033742024495821068?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">March 17, 2026<\/a><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">He also noted that <\/span><b>trading volume has not increased in line with price<\/b><span style=\"font-weight: 400;\">, while the OBV indicator remains flat. According to him, this suggests the current move may be driven more by short squeezes and liquidations rather than sustained buying demand. Similar breakout patterns in the past have also appeared just before pullbacks.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the other hand, trader Killa sees the current rally as more misleading than a confirmation of a new trend. He argues that consecutive green candles are often accompanied by rapid shifts in sentiment, as investors begin to re-enter the market after a downturn.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">From this perspective, the current move could represent a liquidity-driven rebound within a broader trend, with downside risk increasing as leverage builds up. Killa also highlighted the $76,000\u2013$78,000 range as a key area to watch, where a downside retest could occur if buying momentum fails to hold.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bitcoin_enters_a_key_phase_as_markets_await_confirmation\"\/><b>Bitcoin enters a key phase as markets await confirmation<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">Bitcoin\u2019s eight-day winning streak comes as markets remain influenced by macroeconomic data and geopolitical tensions, particularly around energy prices and interest rate expectations.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Compared to previous periods, the current environment does not yet reflect truly loose financial conditions. Although inflation has eased, it remains above the Federal Reserve\u2019s target, and expectations for rate cuts continue to shift. This gives the current move characteristics similar to past rebounds in a more cautious market environment.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the same time, geopolitical factors continue to play a key role. If tensions ease \u2014 particularly if energy prices stabilize \u2014 the macro backdrop could become more supportive for crypto markets. Conversely, if conflicts escalate and push oil prices higher, inflationary pressure could return, affecting policy expectations and market liquidity.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For now, the broader picture remains unclear. The current rally shows short-term momentum, but overbought signals and macro uncertainty continue to keep markets cautious. Traders are now watching for further confirmation from incoming data and price action in the coming sessions.<\/span><\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/nftevening.com\/btc-8-consecutive-green-daily-candles-breakout-or-pullback\/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=btc-8-consecutive-green-daily-candles-breakout-or-pullback\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin has an 8-day winning streak, marking its longest streak since March 2022, as the market remains influenced by macroeconomic factors and geopolitical developments. The recent rally has pushed BTC close to key resistance levels, with the potential for a breakout toward a mid-term target of $80,000\u2013$85,000 or a temporary rebound before a pullback. Bitcoin\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23656,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftevening.com\/wp-content\/uploads\/2026\/03\/1703.jpg","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/23655"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=23655"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/23655\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/23656"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=23655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=23655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=23655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}