BitCoin has said near its most weekly as the crypto market is going on and the cryptocurrency is once again close to its height.
According to the Trading View, BitCoin (BTC) has been closed for the past six weeks for the past six weeks, and its most recent weekly is below $ 106,500 in the Midnight UTC on May 18.
Its last most weekly was in December when it reached $ 104,400. According to the Trading View, it later reached $ 209,358 in a height on January 20.
BitCoin is now less than 3 % of its peak price and is trading around $ 104,730 to $ 104,730 over the past 24 hours at the time of writing.
BitCoin posted its closest May 18 in a 24 -hour period. However, this is the biggest daily bitcoin.
Investor Scott Melkar posted on the X on May 19, “BitCoin still had a daily candle near … ever.”
Analyst Rekt Capital said, daily, close to 000 more than 105,000, “Bitcoin will produce a new height.”
In the past six weeks, Bitcoin’s weekly benefits have been photographing its benefits in November when it has increased $ 30,000 out of its largest weekly candles so far.
It has increased by about $ 1,200,000 so far in May, which, 000, climbed over $ 94,000 to $ 106,000, before it pulled back about $ 105,400.
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In addition, the Coin Capital Partner “McKinna” said the coin base premium has returned, which measures American emotions by comparing the difference between the coins BTC/USD duo and the equivalent of the BTC/USDT.
“The power of this bid seems strange on Sunday night,” he said, adding that “it is possible for someone to know something to fall next week.”
BitCoin’s CAGR cools down
On May 18, analyst Willywood diverted Bitcoin’s Compound Annual growth rate (CAGR), and noted that it was trending down as the network stores more capital.
“The BTC is now trading as the latest macro -asset in 150 years, until it reaches its balance, it will continue to absorb capital,” he said.
Wu compared it to a long -term financial expansion of 5 -of -of -O -5 and 3 % of GDP, which is estimated that the annual growth rate of Bitcoin would be about 8 8 % in about 15 to 20 years when it was finalized.
“Until then, enjoy the ride because almost no public investment products can not match the performance of BTC long -term, even as BTC’s CAGR continues.”
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