US EditionBitcoin's $10K Rhythm: Steady Climb Signals Strong Push To $115K - Overpasses For America
- Bitcoin achieved its highest-ever weekly close of $106,520 on May 18, marking a record after a weekend rally.
- This milestone follows increased institutional adoption through spot Bitcoin ETFs and anticipation of the next halving event reducing new supply.
- Market analysts note the current price consolidation near $103,000, observing liquidity pooling around $105,800 which could act as a trap or trigger a sharp move.
- Bitcoin’s price is less than 3% from its all-time high near $109,358 on January 20, with recent daily gains and ETF inflows exceeding $600 million reinforcing momentum.
- Analysts caution traders to watch key resistance levels near $107,000 and $108,000 closely, as breaking these could signal further gains, but volatility and corrections remain possible.
17 Articles
17 Articles
Bitcoin's $10K Rhythm: Steady Climb Signals Strong Push To $115K - Overpasses For America
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Bitcoin Closes Record Weekly Candle at $106,516 as Market Volatility Surges
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Bitcoin notches record weekly close after highest-ever daily close candle - WorldNL Magazine
Bitcoin has notched its highest-ever weekly close as crypto market momentum continues and the cryptocurrency is again nearing its all-time high.Bitcoin (BTC) has closed at a weekly gain for the past six weeks in a row, and its most recent close at midnight UTC on May 18 was its highest weekly close ever at just below $106,500, according to TradingView.Its last highest weekly close was in December when it reached $104,400. It later went on to rea…
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