Bitcoin eyes highest weekly close ever as price holds above $109K, with momentum building after a parabolic surge past $119K.
BTC rallied from $25K to $119K in just over a year, and chart signals suggest the bull run still has room to grow toward $180K.
Analyst el_crypto_prof says sentiment remains low for alts as Bitcoin leads the charge and institutional demand continues rising.
Bitcoin is on track to post its highest weekly close ever, signaling that the bull market is far from over. The top cryptocurrency is currently trading around $109,231, just below its recent peak of over $119,000. Analyst el_crypto_prof noted the coming milestone, adding that “we’re all not bullish enough,” especially when it comes to altcoins. This weekly close could mark a key turning point for both Bitcoin and the broader market.
Source: Moustache
Over the past three years, Bitcoin has gone from stagnation to explosive gains. In late 2022, it was priced between $15,000 and $20,000. For most of 2023, the market traded sideways, fluctuating within the $15,000 to $45,000 range. The volatility was high, but no strong trend emerged during that phase.
From Sideways Action to Parabolic Surge
The real momentum began in late 2023 when Bitcoin broke out above $25,000. The rally extended sharply, reaching $70,000 by mid-2024. That move represented nearly 200% growth in under a year. This was followed by a healthy correction that took Bitcoin back to the $50,000–$55,000 zone.
However, the dip didn’t last long. Bitcoin resumed its climb in late 2024 and went parabolic in early 2025. According to the chart, the price rocketed from $70,000 to over $119,000 in a compressed timeframe. The highlighted section with a yellow circle shows this explosive breakout.
Bitcoin Targets Even Higher Levels
Despite a slight pullback to $109,231, Bitcoin remains firmly in bullish territory. The chart scale extends up to $180,000, hinting at higher price expectations. Besides, the current pattern aligns with typical crypto bull market cycles. Short-term corrections often fuel longer-term rallies.
Consequently, investors are watching for sustained momentum. Weekly closes above previous highs often attract institutional attention and drive new demand. Moreover, altcoins may follow Bitcoin’s lead, especially as market sentiment continues to strengthen.
The post Bitcoin Set for Historic Weekly Close as Bull Run Accelerates appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
