BITCOIN'S FOURTH WEEKLY WIN IN A ROW—BACK ABOVE 78K
Bitcoin is closing its fourth consecutive weekly green candle, up 5.64% this week alone to 78K. This is the longest weekly winning streak since May 2025, fueled by a 25% rally from the 62K lows—nearly 15K gained in just four weeks.
The recovery is real, but let's be honest: we just clawed back from a brutal 53% drawdown over four months. That kind of damage leaves scars, and institutional players will be watching to see if this holds.
The 78K level matters because it's where we're testing resistance after the geopolitical relief rally. If we're holding here into next week, that's when you know conviction is actually building instead of just relief selling.
What caught my eye is the consistency of these weekly closes. No wick-outs, no failed attempts to break higher—just steady accumulation. That's trader behavior, not panic buying.
The risk here is obvious: we're still in a recovery narrative, not a new bull setup. Any external shock and we could retest 70K faster than we climbed out of it.
Can this momentum survive a week without a geopolitical headline?
