The Most Solid Confirmation Has Arrived For The Bull Rally. Bitcoin Has Its Highest Weekly Close In History.

Bitcoin (BTC) during the week of May 18, 2025 the highest weekly closing level of all time which is approximately $106,500 He closed on his tape. This is not only a psychological threshold; it also means a weekly close on the Bitcoin price chart, which has not been seen to date. Weekly closing levels throughout history are considered one of the most critical indicators in long-term trend changes.

📊 Technical Analysis: The Most Solid Confirmation For The Bull Rally

• Historical Resistance is Broken: Not only has Bitcoin surpassed the previous all-time high of $69,000, it has now reached its all-time high on a weekly closing basis, giving a strong confirmation in price movements.
• The Power of the Weekly Candle: The close above $106,500 confirms long-term investors' confidence in the market. The weekly candlestick chart shows that the momentum is holding and buyers are in control.
• RSI and MACD Indicators: The weekly RSI is still not in the overbought zone, indicating that there is technically room for the bullish movement to continue. The MACD histogram makes a strong move into the positive zone, supporting the momentum rising.
• Volume Increase: In recent weeks, the volume of transactions has increased seriously. In particular, the entry into the market of large institutional players and demand for spot Bitcoin ETFs is supporting volume growth.

🧠 On-Chain Data: Institutional and Retail Investor Confidence Increases

• Decrease in Stock Market Reserves: On-chain analysis shows that reserves on Bitcoin exchanges have decreased by 25% in the last 6 months. This is an important indicator that supply is withdrawing from the market and selling pressure is decreasing.
• Investing in Spot Bitcoin ETFs: Spot Bitcoin ETFs launched in the US and Europe have seen a total net inflow of over $3 billion in recent weeks. This, in turn, reveals that institutional investors are taking long-term positions.
• Long Term Investors (LTH) Strong: LTH holders keep their BTC in their wallets instead of selling them, which creates a solid support base in the market.

🌍 Macroeconomic Background and Market Sentiment

• Interest Reduction Expectations: Demand for risky assets is rising as expectations for interest rate cuts from the US Federal Reserve rise. This environment provides positive momentum for Bitcoin.
• Weakening in the Dollar Index: With the weakening of the DXY, the orientation towards alternative assets is increasing. Bitcoin's potential to act independently of traditional financial markets stands out during this period.
• Geopolitical Improvements: Positive developments in US-China trade talks and prospects for global economic recovery are boosting risk appetite.

🔮 Future Forecasts: $120,000 Level On Target

Analysts believe that Bitcoin could launch a strong rally towards $120,000 and above with the highest weekly close in history in view. This goal seems possible, especially with the strengthening of fundamental factors, such as the full reflection of spot ETF effects on prices and reduced mining supply.

📝 Briefly

Bitcoin's over $106,500 highest weekly close in historyis being evaluated as a signal of the start of a new bull rally based on technical and on-chain data. If sustained above this level, the upward trend is expected to continue strongly, although volatility is high in the coming weeks.

However, it is important for investors to exercise caution and keep a close eye on market developments, considering the risk of volatility.

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🛑 Disclaimer

This content is created by Investment Desk AI and does not constitute investment advice. You should make your decisions based on your own research and expert advisors.

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