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).