!Bitcoin records its highest weekly close in history and approaches its peak

$BTC recorded its highest weekly close ever at $106,500 on May 18, coming within less than 3% of its all-time high of $109,358. This closing marks the sixth consecutive week in a series of green weekly candles, reflecting the continued positive momentum in the market.

Currently, $BTC is trading around $104,730 after a 2% rise over the past 24 hours. It also achieved its highest daily close in history, which investor Scott Melker pointed out by saying: "Bitcoin closed above the highest daily candle ever."

Analyst Rekt Capital stated that a daily close above $105K indicates a new peak on the chart, strengthening the bullish scenario.

In just the month of May, Bitcoin rose from $94K to over $106K, in a performance reminiscent of last November's leaps when the currency increased by $30,000 in three weeks.

In this context, McKenna from Arete Capital noted the return of the "Coinbase premium," which is an indicator of increased U.S. demand, stating that this movement on Sunday evening may be related to significant news coming.

For his part, analyst Willy Woo explained that the compound annual growth rate (CAGR) for Bitcoin is slowing down as it matures as a global financial asset, predicting that it will stabilize around 8% over the next 15-20 years, emphasizing that "no investment product can match the performance of $BTC in the long term."

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