Bitcoin has monitored its highest weekly weekly and Cryptocurrency is again with its all -time high with the Crypto market continuing the pace.
Bitcoin (BTC) It has been closed at a weekly profit for the last six weeks, and its most recent was its highest weekly clos According For tradingview.
Its last highest weekly close was in December when it reached $ 104,400. According to the tradingview, it later reached an all -time high of $ 109,358 on 20 January.
Bitcoin is now less than 3% away from its peak value and has increased by 2% in the last 24 hours to trade approximately $ 104,730 at the time of writing.
Bitcoin posted its highest closed on 18 May during a 24-hour period. However, this is not the biggest daily benefit by bitcoin.
“Bitcoin was just his highest daily candle closure … ever,” Investor Scott reconcile Posted From X on 19 May.
With a daily closure above $ 105,000, “Bitcoin will develop a new high high high,” Said Analyst Rekt Capital.
The weekly advantage of bitcoin in the last six weeks has been reflecting its profit in November when it added $ 30,000 to three of his biggest weekly candles.
It has so far rose to about $ 12,000 to more than $ 106,000 in May, before it returned from $ 105,400 before $ 105,400.
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Additionally, Arete Capital Partner “McCaina” Said The coinbase premium was back, which measures us expressions Comparing the difference between BTC/USD pair of coinbase and BTC/USD of Binance.
“The strength of this dialect seems strange on Sunday night,” he said, “it is possible that someone leaves some important news next week.”
CAGR of bitcoin cools
On May 18, analyst Willy Wu Dipped Bitcoin mixed annual growth rate (CAGR), Given that it was trending downwards as the network continues to store more capital.
“BTC is now traded as the newest macro property in 150 years, it will continue to absorb capital until it reaches its balance,” he said.
Wu compared it to a long -term monetary expansion of 5% and GDP growth Out of 3%, it is estimated that the annual growth rate of bitcoin will be approximately 8% in about 15 to 20 years when it is settled.
“Until then, enjoy the ride as almost no publicly investment products can match BTC performance for a long time, even BTC’s CAGR continues to disappear.”
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