Bitcoin Books Best Week Since 2023 and Its Largest Dollar Gain Ever
Bitcoin (BTC) rose 23.58% last week, its best week since 2023. The move added $14,833, the largest dollar gain of any week in Bitcoin's history.
BTC trades near $79,000 at the time of writing, up 1.8% over 24 hours. The weekly candle broke a descending trendline stretching back to the October 2025 record high.
Bitcoin's Best Week Since 2023 Breaks a 10-Month Downtrend
Structurally, Bitcoin's price bounced from the $63,000 to $66,000 support zone. It then cleared the descending resistance line drawn from the record high of $126,195. Price also pushed through the $74,000-$76,000 band, which should now serve as support.
Weekly volume expanded alongside the move, though it stayed below June's peak. The BBWP indicator expanded from an extreme low to near-maximum volatility, and it continues to rise. Historically, such squeezes signal a large move without indicating its direction.
The daily chart carries the more durable signal. BTC reclaimed its 200-day moving average near $69,000. That level had capped every advance of the downtrend since last October.
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