The strength of this move is incredible: We just pumped 33% in three days and the last time there was such a crazy price appreciation in just three days was October 2019

If you live on the charts like me, you are very well aware that Bitcoin just pumped a little over 33% in three days, from $19890 to $26540. You should all be seeing the nice color of green in your portfolio

Bitcoin just pumped 33%!

The strength of this move is incredible. The last time we had such a strong % return over three days was 23 October 2019 to 26 October 2019, when Bitcoin moved from $7290 to $10350 in three days, an increase of 42% over three days.

Bitcoin pumped 42% in three days in October 2019

Do note that in 2019, this move did not signal the bottom. Back then, we got a black swan in the form of COVID-19, which dropped Bitcoin to $3850.

The chart below shows the three day return in percentage terms. So the higher the greater the percentage return.

Source: jsalvacunha on Twitter

Note that from a technical perspective, there is still plenty of room for upside. On the daily chart, RSI is still relatively low (blue highlighted circle) and the MACD only just crossed upwards and is printing its first green day (yellow highlighted circle).

​

Bitcoin daily chart + MACD + RSI

Congratulations everyone! I hope you are (now) in profit. Is $10K EOY 2022 off the menu and $100K EOY 2021 back on the menu?!