Why Bitcoin Has More Room to Run After Biggest 3-Day Gain Since 2023, According to Analysts
Bitcoin's outsized rebound last week could prove more than just a short-lived relief rally.
TL;DR
- Bitcoin saw a 22% surge last week, its largest three-day gain since 2023, and moved above its 200-day moving average.
- The rally was fueled by a shift in markets back to crypto and alternative assets, alongside a massive short squeeze.
- Spot bitcoin ETFs attracted approximately $1.6 billion in new investments last week.
- Analysts believe the rebound has 'legs,' citing cooling AI stocks and commodities as potential drivers for retail investors returning to crypto.
- Significant selling pressure from digital asset treasury firms and miners in the first half of 2026 may have cleared out weak hands.
- Technical signals are also positive, with the recent seven-sigma move above the 200-day moving average being a rare occurrence historically linked to further gains.