Bitcoin’s Record Weekly Close Ignites Bullish Momentum

Bitcoin has reached a historic milestone, closing the week above $123,000 — a record that signals a powerful new phase of price discovery. This weekly close at $123,500 confirms that Bitcoin continues to dominate market sentiment. As Bitcoin consolidates near its all-time high of $125,800, traders and analysts closely observe three important metrics reflecting Bitcoin’s strength and market control.

Bitcoin’s structural momentum remains highly bullish. Bitcoin researcher Axel Adler Jr. highlighted that Bitcoin’s price is pressing against the top of the 21-day Donchian channel at $125,200, showing strong buyer dominance. The structure shift composite sits at +0.73, confirming that Bitcoin buyers are maintaining firm control even as the market tests the $125,000 zone. Whether Bitcoin breaks higher or consolidates depends on how long this pressure continues.

The Bitcoin futures flow index stands at 96%, a strong bullish signal, with Bitcoin trading far above its 30-day fair value of $117,500. This setup usually indicates a potential pause before another upward surge. At the same time, the Bitcoin profit/loss block score remains at +3, showing that most Bitcoin holders are in profit, keeping optimism and dip-buying energy alive.

Meanwhile, the short-term holder MVRV ratio for Bitcoin is approaching the +1 band near $133,000, hinting at possible resistance as traders begin to take profits. To sustain the uptrend, Bitcoin must keep its P/L momentum above the 90th percentile.

Bitcoin’s short-term outlook offers two main paths after its record weekly close. The first scenario points to continued bullish momentum, where Bitcoin consolidates between $122,000 and $124,000 before expanding toward new highs. Such a slow grind would confirm that Bitcoin is building a strong base for further gains rather than signaling exhaustion.

Alternatively, Bitcoin could experience a mean reversion, retesting key exponential moving averages between $118,500 and $120,000. This corrective pullback would refresh market demand while keeping Bitcoin’s structure intact, as long as the $118,000 support holds.

Analysts agree that Bitcoin’s broader bias remains upward. Whether through gradual compression or short-term corrections, Bitcoin’s bullish control dominates the market. With continued strength in onchain data and futures activity, Bitcoin appears ready to extend its rally through 2025, proving once again why Bitcoin remains the centerpiece of the crypto market.a