Bitcoin trader sees 'early week' all-time highAdditionally, Arete Capital partner “McKenna” said the Coinbase premium had returned, which measures US sentiment by comparing the difference between Coinbase’s BTC/USD pair and Binance’s BTC/USDT equivalent. The “strength of this bid on a Sunday night feels strange,” they said, adding its “possible someone knows some important news dropping next week.”Bitcoin’s CAGR cools downOn May 18, analyst Willy Woo dived into Bitcoin’s compound annual growth rate (CAGR), noting that it was trending downward as the network continues to store more capital.“BTC is now traded as the newest macro asset in 150 years, it'll continue to absorb capital until it reaches its equilibrium,” he said.
However, this is not the largest daily gain Bitcoin has made.“Bitcoin just had its highest daily candle close...ever,” investor Scott Melker posted to X on May 19. With a daily close above $105,000, “Bitcoin will develop a brand new higher high,” said analyst Rekt Capital.
Bitcoin (BTC) has closed at a weekly gain for the past six weeks in a row, and its most recent close at midnight UTC on May 18 was its highest weekly close ever at just below $106,500, according to TradingView.
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Author / Journalist: Cointelegraph by Martin Young
The story "Bitcoin notches record weekly close after highest-ever daily close candle" has 457 words across 17 sentences, which will take approximately 2 - 4 minutes for the average person to read.
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