S&P 500’s Historic Streak Signals Potential Bullish Momentum, Parallels Seen in Crypto Markets

The S&P 500 has closed above its 20-day moving average for 68 consecutive days—a rare technical event observed only nine times since 1957. Historical precedent suggests a high probability of double-digit gains over the next 12 months, with the index already rallying 29% since April's lows. This resilience mirrors the cryptocurrency market's characteristic volatility and rebound patterns.

Technical analysts note such sustained momentum often precedes extended bullish phases. While traditional investors may disregard short-term indicators, the phenomenon highlights market psychology shifts—a dynamic familiar to crypto traders navigating assets like BTC and ETH. The current rally defies earlier fears about inflationary pressures, much like crypto's recovery from macro-driven selloffs.

Parallels emerge in institutional behavior: just as traditional markets absorb tariff risks, crypto markets increasingly price in regulatory clarity. Exchange-traded products for Bitcoin and ethereum on platforms like Coinbase and Binance reflect growing convergence between traditional and digital asset strategies.