Bitcoin Breaks Downtrend with Record 23.58% Weekly Gain

Bitcoin's price surged by 23.58% last week, marking its strongest weekly percentage gain since 2023 and breaking a 10-month downtrend.

The asset traded near $79,000 at the end of the week, with a daily high of around $82,215 serving as resistance.

Perpetual funding reached a 2026 high, indicating traders are now paying to remain long on Bitcoin.

This shift in positioning suggests that the market has turned decisively bullish, although leverage has not yet returned to earlier 2026 extremes.

The $74,000 to $76,000 resistance band may now function as support, with weekly volume increasing alongside the price move.