Bitcoin has recorded its best closures of over $10,000 per week

Bitcoin officially recorded its best candle once a week, finishing the week at $106,516. The milestone was achieved on Sunday evening, marking a prominent moment in Bitcoin’s continued price history, highlighting growing institutional and retail interests.

This weekly closing sets a new benchmark for BTC price performance and places assets in historically rare areas. As of Monday, Bitcoin was trading at $102,924, reflecting a typical price movement as the market is adjusted to a critical level.

Historical data can help explain the importance of this moment. Bitcoin was closed once (this week) for just 0.02% of its overall trading history, according to an analysis shared by on-chain researcher Dan. The closures exceeding $100,000 were only 40 days in a total of 40 days. Even levels such as $75,000 and $50,000 have appeared in Bitcoin’s lifespan only 181 and 586 days respectively.

This data highlights how current prices place Bitcoin within a historically narrow range. This reflects the long-term upward trend in assets over the past decade. For market participants, this type of price action often serves as an indicator of ongoing momentum and interest in Bitcoin’s role as a digital store of value.

The broader Bitcoin ecosystem continues to show strength with on-chain metrics that reflect increased user engagement and long-term holder trust. In particular, activity on the Bitcoin network continues to rise, with transaction volumes and address growth signaling being continually adopted. Analysts are closely watching the inflow into Bitcoin-centric ETFs and the inflow into long-term holders’ actions. Both are important indicators of sustained interest and belief in Bitcoin’s long-term value.

Some traders are closely watching the $100,000 level as a key psychological and technical belt. Bitcoin’s ability to maintain this level following a record ending each week is important in setting the tone for the coming weeks.

While short-term price movements are always part of the market dynamics, the latest proximity represents a milestone in Bitcoin’s history. It reaffirms the continued relevance of assets in the global financial landscape.

This post Bitcoin recorded the latest top-of-the-line top-of-the-line, over $106k, was first featured in Bitcoin Magazine and written by Jenna Mont Gomery.