1 August 2026
Bitcoin Records Highest Weekly Close in History
Bitcoin has recorded its highest weekly candle ever by soaring above $62,000 which is the latest sign of strengthening its bullish run.
The flagship Cryptocurrency was perilously close to closing below $60,000 after bears pushed it to an intraday low of $58,940. However, several buyers managed to step in just hours before the historic weekly close and saved the day.
Bitcoin’s weekly close record was logged in early April. It came just days before Bitcoin hit its current lifetime peak of $64,804 on Apr. 14.
Previously, the much-anticipated public debut of the leading cryptocurrency exchange in the U.S., Coinbase, was termed as the key catalyst. Currently, Bitcoin breached the $60,000 level after the U.S. Securities and Exchange Commission approved the very first Bitcoin futures exchange-traded fund.
Further, with three green long-bodied candles, Bitcoin has now printed the “three white soldiers” pattern, which is typically considered to be a reliable bullish indicator.
In addition, the benchmark Cryptocurrency, which managed to score three candles with small shadows, indicates that bulls are in control since the price has closed near the top of each price range. Besides, the top Cryptocurrency is currently trading at $61,016.
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