Roundup: Assessing Price Momentum & On-Chain Significance
Dylan LeClair | Guest Contributor
Dec 7, 2023
Hi all,
This is Dylan LeClair, presenting this week’s Onramp Weekly Roundup.
Before we get started… If you’re a HNWI or Institution looking for the best way to get exposure to bitcoin, Onramp Bitcoin could be the right fit for you – schedule a chat with us to discuss your situation & needs.
And now, for the weekly roundup…
8 Consecutive Weeks of Gains
In an extraordinary display of resilience, bitcoin is on track for its eighth consecutive week of gains. An impressive run, when analyzing the previous five instances where bitcoin experienced consecutive weekly gains of similar or greater length, we observe that each was followed by considerable gains to come. On the contrary, the previous instance before that marked the peak of the 2013 cycle, underscoring the importance of cautious optimism when looking at historical performance. Nevertheless, the resilient climb higher is a sign of large demand for bitcoin as the asset is increasingly on the radar of institutional investors.




