Bitcoin just keeps flexing, it’s clocked its highest-ever weekly close at nearly $106,500 as of May 18, smashing its previous peak from December ($104,400) and inching closer to its all-time high of $109,358 from January 20. That’s six weeks straight of weekly gains, people.
Right now, BTC is less than 4% away from that peak, cruising around $103,065 after a neat jump in the last 24 hours. Oh, and May 18 wasn’t just any day, it boasted Bitcoin’s highest-ever 24-hour close, too. Investor Scott Melker even shouted on X, “Bitcoin just had its highest daily candle close... ever.”
Bitcoin just had its highest daily candle close… ever. pic.twitter.com/6qGKYx8VwA
— The Wolf Of All Streets (@scottmelker) May 19, 2025
If Bitcoin crosses the $105,000 daily close mark, analyst Rekt Capital says it’s game on for a shiny new “higher high.” Sounds fancy, but basically, Bitcoin could be gearing up for an even bigger price party.
#BTC Daily Close above ~$105000 and Bitcoin will develop a brand new Higher High$BTC #Crypto #Bitcoin
— Rekt Capital (@rektcapital) May 18, 2025
What the Experts Are Saying and What’s Next for Bitcoin
Looking back, Bitcoin’s six-week surge echoes November’s big moves when it added $30,000 across some mega weekly candles. So far this May, BTC’s climbed about $12,000, from $94,000 to a high over $106,000 before chilling near $105,400.
Meanwhile, Arete Capital’s McKenna spotted something fishy: the Coinbase premium is back, showing US traders are seriously bidding up BTC compared to Binance’s prices. McKenna called the Sunday night buying “strange” and hinted that “someone might be sitting on some hot news next week.”
Coinbase premium is back. Strength of this bid on a Sunday night feels strange.
— McKenna (@Crypto_McKenna) May 19, 2025
Possible someone knows some important news dropping next week.$BTC pic.twitter.com/ZvgKT9tuXI
On the bigger picture, analyst Willy Woo says Bitcoin’s compound annual growth rate (CAGR) is cooling off as BTC settles in as the hottest new macro asset in 150 years. Woo predicts BTC will chill around an 8% growth rate in 15-20 years, outpacing traditional monetary growth and GDP gains.
People think BTC is like a magical unicorn that climbs to infinity on moonbeams. Here's the actual CAGR chart. We are well past the 2017 year where we'd see many 100s of percent growth.
— Willy Woo (@woonomic) May 18, 2025
Now look at 2020, that was the year BTC got institutionalised, corporations and sovereigns… pic.twitter.com/hcGAGZXkU5
So buckle up! Bitcoin’s growth might slow, but it’s still the rocket ship. Few other investments can match in the long term, even if the CAGR isn’t quite as wild as before.
HODL Team
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