Bitcoin Record record Weekly close after the highest day candle

Bitcoin notched his highest weekly imprisoned because the Cripto market continues and cryptocurrency again closer to his time.

Bitcoin (Btc) closed on weekly win for the last six weeks in a row, and her most recent near midnight UTC 18. Maja was the highest weekly close ever at only 106,500 USD, toward to trading.

The last highest weekly was in December when she reached $ 104,400. He later set out to reach all the time of $ 109,358 at the 20th. January, according to Tradingview.

Bitcoin is now less than 3% of its top price and gained 2% in the last 24 hours to trade about $ 104,730 at the time of writing.

Bitcoin also published his highest ever within 24 hours of 24 hours. However, this is not the greatest daily wincoin profit.

“Bitcoin just had its highest day fresh close … ever”, “Investor Scott Melker published to K 19. May.

With everyday closure above $ 105,000, “Bitcoin will develop a brand new high tall” said Analyst of the capital.

Bitcoin’s weekly win in the last six weeks The mirror was his winnings in November when he has ever added $ 30,000 in three her greatest weekly candles ever.

So far, it added about $ 12,000 in May, climbing $ 94,000 to over $ 106,000 before pulling at about $ 105,400.

Related: BTC price at $ 116,000 Next? Bitcoin Trader sees “early weeks” all the time of high time

In addition, Arieta Capital Partner “McKenna” said The coin’s premium returned, which measures us feeling By comparing the difference between BTC / USD Parbase’s BTC / USD and Binance BTC / USDT equivalent.

“The power of this offer on Sunday evening feels strange in the evening,” they said, adding it “possible that someone knows some important news next week.”

Bitcoin’s CAGR cool down

18. Maja, Analyst Villi Voo divided at the battle number of bitcoin points (Kagr), Having an employment that a moment is a head because the network still stores more capital.

“BTC is now traded as the latest macro agent in 150 years, it will continue to absorb capital until it reaches its balance,” he said.

Woo compared to long-term monetary expansion of 5% and GDP growth Of 3%, estimated that the annual growth rate of bitcoins will be about 8% in about 15 to 20 years when it settles.

“Until then, enjoy driving, because almost not entirely not completely matches, the long-term BTC performance, even how BTC CAGR continues to erode.”

Journal: Arthur Haies 1 Million Bitcoin, Altcoins ‘Powerful Rally’ Wapcorn Tkality: Hodler’s Digest