Bitcoin has notched its highest-ever weekly close, continuing a six-week winning streak. The cryptocurrency is trading near its all-time high, with its latest close just shy of $106,500. The last time it reached such record levels was in December, securing an all-time high in January at $109,358.
Scott Melker shared on X about Bitcoin's highest daily candle close, and analyst Rekt Capital suggested that a close above $105,000 could signal a "brand new higher high."
Arete Capital's "McKenna" noted strong Sunday activity, hinting at potential big news ahead. Bitcoin remains a stellar long-term performer despite a cooling CAGR, according to Willy Woo.