Bitcoin has noticed this highest weekly weekly as the crypto market momentum continues and the cryptocurrency is approaching all the time high.
Bitcoin (Btc) closed a weekly benefit over the past six weeks later, and the latest near midnight UTC on May 18 was the highest weekly near just below $ 106,500, According to In tradingview.
The last highest weekly near December reached $ 104,400. It eventually continued to reach a full time of $ 109,358 on January 20, according to TradingView.
Bitcoin is now less than 3% away from its peak price and gained 2% in the past 24 hours to trade around $ 104,730 at the time of writing.
Bitcoin also posted the highest close close to a 24-hour period on May 18. However, this is not the biggest daily benefit Bitcoin made.
“Bitcoin had just had the highest -day -day candle close … Ever,” investing Scott Melker Na -Post on X on May 19.
In the sun -day near the top of $ 105,000, “Bitcoin will develop a brand new one higher,” Says The analyst returns capital.
Bitcoin’s weekly acquired over the past six weeks reflected its acquisitions in November when it added $ 30,000 to three of the biggest weekly candles ever.
It added around $ 12,000 to today in May, up from $ 94,000 to over $ 106,000 before it returned to nearly $ 105,400.
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In addition, the Arete Capital partner “McKenna” Says Coinbase Premium is back, measuring us Feelings By comparing the difference between BTC/USD Coinbase pair and Binance’s BTC/USDT equivalent.
The “strength of this bid on a week night feels weird,” they said, adding “possibly someone who knows some important news coming down next week.”
Bitcoin’s cagr cools
On May 18, analyst Willy Woo Dived In compound annual Bitcoin growth rate (Cagr), noticed that it was trending down as the network continued to store more capital.
“The BTC has now been exchanged as the latest macro owner for 150 years, it will continue to absorb capital until it reaches its balance,” he said.
Woo compared this to lasting financial expansion of 5% and GDP growth At 3%, it was estimated that the annual Bitcoin growth rate was around 8% around 15 to 20 years when it was fixed.
“Until then, enjoy the ride because almost no public investor product can match the BTC’s long -term performance, even though the BTC’s CAGR continues to erase.”
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