Bitcoin Just Did Something It Hasn't Done Since 2012 $BTC has now closed higher for seven consecutive weeks, a streak Bitcoin hasn't managed since 2012. The latest move has taken it back near $87,000, with BTC up roughly 29% over the past 35 days. Seven green weeks sounds straightforwardly bullish, but the mechanics underneath the move are getting more complicated. Monday's push through $85,000 forced hundreds of millions of dollars in bearish positions out of the market, and traders subsequently added more than $2 billion in futures positions, taking open interest above $31 billion. So some of the rally is spot demand, some is short covering, and now fresh leverage is following the price higher. Those aren't interchangeable sources of buying pressure. After seven weeks of traders getting rewarded for buying dips, that first proper pullback should tell us a lot about how much of the new demand is willing to stick around. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#