Bitcoin has achieved the highest weekly levels ever with the continued momentum of the encryption market, and the encrypted currency is close to its highest levels ever.
Bitcoin (BTC) closed in a weekly gain over the past six weeks in a row, and its latest closure in midnight UTC on May 18 was the highest weekly closure ever at less than 106,500 dollars, According to To TradingView.
The last weekly closure was in December when it reached 104400 dollars. It later continued to reach the highest level ever at 109,358 dollars on January 20, according to Tradingview.
Bitcoin is now less than 3 % away from its peak price and has gained 2 % over the past 24 hours to trade about $ 10,730 at the time of this report.
Bitcoin also published its highest level in 24 hours on May 18. However, this is not the largest daily gain of Bitcoin.
“Bitcoin had the highest candle daily closing … at all,” investor Scott Milker to publish To x on May 19.
With a daily closure above $ 105,000, “Bitcoin will develop the highest new level,” ” He said Analyst Rick Capital.
Bitcoin’s weekly gains for the past six weeks reflect their gains in November when it added $ 30,000 in three of the largest weekly candles ever.
It has added about $ 12,000 so far in May, and climbed from 94,000 dollars to more than $ 106,000 before returning to about 105,400 dollars.
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In addition, the partner of Aryti Capital “Makina” He said Coinbase, which measures American feelings by comparing the difference between Coinbase’s BTC/USD pair and BTC/USDT.
“The strength of this show on Sunday night is strange,” they said, adding that “a possible person knows some important news that is declining next week.”
Cagr cool in Bitcoin
On May 18, analyst Willia Woo diving At the annual growth rate of the Bitcoin (CAGR), noting that it was heading down as the network continued to store more capital.
He said: “BTC has now been traded as the latest Macro’s origins in 150 years, and it will continue to absorb the capital until it reaches its balance.”
Woo compared to long -term cash expansion by 5 % and 3 % GDP growth, estimated that the annual growth rate of Bitcoin will be about 8 % in about 15 to 20 years when it settled.
“Until then, enjoy riding because there is no investment product openly that can match BTC’s long -term performance, even as CAGR continues in BTC.”
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