Bitcoin (BTC) has just made history by locking in its highest-ever weekly close, just days after printing its strongest daily candle close of all time. These back-to-back technical milestones are clear signs of powerful bullish momentum returning to the crypto market.
BTC Breaks Through Key Technical Levels
On Sunday, Bitcoin closed the week above $71,200, setting a new weekly record and breaking through previously stubborn resistance. Just prior to that, BTC also printed its highest daily close ever, marking another bullish breakout on the charts.
“This is a textbook continuation signal,” said a top crypto trader. “Both daily and weekly confirmations suggest BTC is ready for another leg up.”
All-Time High in Sight
Following the record closes, Bitcoin is now trading near the $72,000 mark, with its all-time high of $73,737 (from March 2024) clearly within reach. Traders and investors are watching closely to see if BTC can push beyond this level and enter full price discovery.
What’s Driving Bitcoin’s Momentum?
The current rally is fueled by a combination of strong technical, institutional, and macroeconomic factors, including:
- Record inflows into spot Bitcoin ETFs, particularly in the U.S.
- A recent halving in April 2024, reducing new BTC supply.
- Growing demand from institutional investors as Bitcoin becomes a more accepted asset class.
- Global economic uncertainty driving interest in decentralized stores of value.
Market Sentiment: Greed Returns
Crypto sentiment has shifted dramatically over the past month. The Crypto Fear & Greed Index is now deep in “Extreme Greed” territory, highlighting investor confidence — but also hinting at the potential for short-term volatility.
“We’ve entered a phase of rapid movement. While bullish, investors should stay alert for sudden retracements,” warned one analyst.
Conclusion
Bitcoin’s record-setting weekly and daily candle closes are more than just numbers — they’re signals that the bull market is not only alive but accelerating.
With $73K all-time highs in view, BTC’s performance is drawing in new money, media attention, and renewed belief in crypto’s long-term value.
As BTC continues to surge, the crypto world watches with excitement: will this be the breakout that sends Bitcoin into six figures?