Bitcoin close candle price skyrocketed to an all-time high during this week, closing May 18 at a record weekly close of around $106,500. This is Bitcoin’s highest-ever weekly and daily candle close, reviving bull sentiment since it is just 3% off its January 2025 all-time high of $109,358.
Price of close Bitcoin candle marks six-week bullish streak
Bitcoin has risen steadily over the past six weeks. The May 18 weekly close was a new high at the time, topping the December 2024 high when it closed at $104,400. Bitcoin has risen by nearly $12,000 since the start of May from $94,000 to its current level. This steady rise reflects good market sentiment and lower volatility.
The current surge is a repeat of the same rise during the close of 2024 when Bitcoin rose by $30,000 within a matter of weeks. Unlike previous wild spikes, the current rally is characterised by mature and long-term growth. Experts indicate that such stability is an indicator of more sustainable momentum, even possibly taking Bitcoin into price discovery levels.
Technical analysts are also indicating key resistance at the $106,000 level. If Bitcoin is able to remain above $105,000 on a daily close, it could form a new higher high. There has also been a bullish “cup and handle” observed, and this is indicating a possible breakout level of $137,000—a more than 33% premium above the present level.
Bitcoin close candle price signal raising institutional momentum
Institutional interest in bitcoin is accelerating. Metaplanet, a Japanese company, bought 1,004 BTC worth $ 104 million, depicting the increasing trend of corporate treasury adoption. In parallel, the U.S. Spot Bitcoin ETF market has attracted $ 2.68 billion in the net flow in a week since December.
New institutional players such as Twenty One Capital planned to hold more than 42,000 BTCs, which gives significant liquidity and validity in the property. Coinbase Premium- A sign of American investor’s demand- has returned, suggesting that domestic interest is climbing once again.
Better global rules have also helped. U.S. In the European Union asbestos structure and Pro-Crypto policies have brought clarity, encouraging more institutional partnerships. Bitcoin is also decoupling with traditional assets such as gold and shares, which is strengthening its role as a unique store of value.
Despite a barely declining boom charge over time, analysts like Willy Woo accept as true with Bitcoin’s performance nevertheless beats most traditional investments. As institutional holders lock in greater supply, market liquidity tightens, probably leading to sharper rate movements.
Conclusion
Bitcoin near candle price has no longer handiest damaged facts however also solidified momentum with six instantly bullish weeks. With technical indicators flashing inexperienced, institutional adoption developing, and regulatory readability improving, Bitcoin is eyeing new highs. While brief-term volatility remains, long-term projections remain optimistic with objectives as excessive as $137,000 being taken into consideration.