According to Pentoshi, Bitcoin ($BTC) has achieved its highest weekly close ever as of May 19, 2025 (source: @Pentosh1 on Twitter). This milestone confirms strong bullish momentum, indicating heightened trader confidence and potential for further upward price action. Technical traders are watching for continued volume and support above previous resistance levels, which could signal sustained market strength. This record weekly close is driving renewed interest in altcoins and shaping near-term crypto market sentiment (source: @Pentosh1 on Twitter).

According to Crypto Rover, Bitcoin has formed a bullish cross on the weekly chart, recognized as one of the most reliable buy signals in technical analysis (source: Crypto Rover on Twitter, May 10, 2025). Historically, such weekly bullish crossovers have preceded significant upward momentum in Bitcoin price, prompting traders to closely watch for a potential breakout. This development is expected to attract increased institutional and retail trading activity, potentially impacting the broader cryptocurrency market through heightened volatility and liquidity.