The last time BTC/USD closed below $10,000 on both the weekly and daily charts was July 26.
Bitcoin held firm to secure a weekly close at $10,780, marking nine consecutive weekly closes above $10,000. That matches the previous record of nine straight weeks set in 2017, when BTC/USD surged toward $20,000.
On the daily chart, BTC/USD has closed above $10,000 for 63 straight days, surpassing the 62-day streak recorded during the 2017 bull run.
Data from crypto analytics firm Messari shows Bitcoin has maintained daily closes above $10,000 since July 27, when bulls pushed the price to a close of $11,043.
The previous longest run of daily closes above $10,000 extended from December 1, 2017, to January 31, 2018. That streak occurred during a strong bull market that peaked near $20,000 before the 2018 bear market pushed prices down to around $3,000.
Short-term pullback
Market sentiment over the past week leaned bearish as Bitcoin dipped to about $9,800 and then struggled to reclaim levels above $10,600. Price action has been capped under $11,000, a trend Skew Analytics attributes to unusually low volatility during September.
Bitcoin’s realized volatility has declined significantly over the last three months, averaging roughly 49% overall and around 47% over the past 10 days, according to recent volatility charts.
Technical analyst and trader Josh Rager notes that despite subdued price movement, Bitcoin remains in an uptrend. He emphasized that a short-term pullback — even around 20% — should not be surprising within a larger bullish structure.
Antony Pompliano, co-founder of Morgan Creek Digital, also argued the market is proving bearish outlooks wrong. He highlighted the record 63-day streak of daily closes above $10,000 as an indicator that BTC could move higher.
At the time of writing, Bitcoin is trading around $10,900, up more than 2% on the day. That could prompt a retest of resistance in the $11,000–$11,500 range, with bulls targeting 2020 highs near $12,500 if momentum returns.
In traditional markets, Gold (XAU/USD) and the Dow Jones have shown potential for upside over the week but remain vulnerable. Downward moves could extend recent weakness that already pushed gold to a 10-week low near $1,860 per ounce and the Dow to an 8-week low.