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Bitcoin has broken through new record levels, approaching the upper limit of its weekly bullish price channel. This move comes as the digital asset confirms a significant breakout, maintaining a bullish continuation pattern. Traders are closely watching for further consolidation before a potential next bullish phase.
Price movement within the bullish channel
On the weekly timeframe, Bitcoin continues to trade within a bullish channel pattern. The price is now approaching the upper resistance line of this channel. This movement indicates the strength of the current trend, with buyers maintainin

Nakamoto becomes the largest owner of Bitcoin in the world.
The rise in the price of Bitcoin boosts investor confidence, leading to record inflows into Bitcoin exchange-traded funds.
Institutional demand for Bitcoin coin (BTC) is growing, with BlackRock and Fidelity recording significant inflows from exchange-traded funds.
BlackRock is about to become the largest owner of Bitcoin, as it now holds 57% of Satoshi Nakamoto's assets. If the price of Bitcoin rises to $150,000 in the coming months, the company could accumulate more coins than those held by Nakamoto. Eric Balchunas expects BlackRock

The price of Bitcoin is holding below the resistance level of 109,800 Dollar, forming a range between the support at 78,000 Dollar and the breakout zone at 112,000 Dollar.
The Relative Strength Index (RSI) is near 70 and the volume pressure indicates the possibility of bullish expansion or the continuation of limited range movement.
The multi-stage rises of 2023 complete the current stepped structure of Bitcoin (BTC), in an effort to break the resistance level of 112000 Dollar.
Bitcoin continues to stabilize below its all-time highs, trading at around 104,000 Dollar, maintaining its key struct

The Ethereum Foundation launched a security initiative aimed at supporting broader adoption of blockchain technologies, according to an announcement made on May 14. This effort is part of ongoing efforts to enhance Ethereum's role in the programmable digital asset space.
Frederik Svantes, Head of Protocol Security Research, and Josh Stark from the Ethereum Foundation's management team, will be the first co-chairs of the initiative. Three contributors from the Ethereum ecosystem - Samchson, Mehdi Zerouali, and Zach Oberont - will help guide the project.
This initiative is called the Trillion Do