According to @rovercrc, Bitcoin swept liquidity below the bull market support band and he characterizes this as bullish for BTC price action, referencing the move on Oct 12, 2025; source: @rovercrc on X, Oct 12, 2025. The bull market support band is commonly defined as the 20-week SMA and 21-week EMA for BTC, a framework popularized for cycle analysis by Benjamin Cowen; source: Benjamin Cowen, Into The Cryptoverse. Traders using this model watch whether BTC reclaims and closes the week back above the band to validate bullish momentum, while sustained weekly closes below the band increase downside risk; source: Benjamin Cowen, Into The Cryptoverse.

According to Charles Edwards (@caprioleio), Bitcoin achieved its highest daily and weekly close ever on May 18, 2025. This milestone signals strong bullish momentum and increasing institutional interest, providing traders with a clear indication of upward price action and potential breakout opportunities. The record close is attracting significant trading volume and renewed attention from both retail and institutional investors, which could drive further volatility and price discovery in the crypto market (source: Charles Edwards on Twitter).

According to Mihir (@RhythmicAnalyst) on Twitter, Bitcoin (BTC) has not achieved a weekly closing value above the critical resistance level required to confirm a new price high. This trading action signals that BTC faces strong resistance, and traders should anticipate a continued period of consolidation before any decisive breakout, as evidenced by price reactions at key resistance zones (source: Mihir, Twitter, May 4, 2025).

According to Mihir (@RhythmicAnalyst) on Twitter, a weekly close above the 97430 level is necessary for Bitcoin (BTC) to establish a new all-time high. With three days remaining in the trading week, BTC is currently positioned above this critical resistance, suggesting strong bullish momentum and a potential breakout. Traders are closely monitoring the weekly closing price as a sustained close above 97430 could validate further upward movement and signal continuation of the uptrend (source: Twitter/@RhythmicAnalyst).