Bulls Signal After Bitcoin's $123,000 Weekly All-Time High

Bitcoin closed a record weekly candle above $123,000, marking a confirmed new phase of price discovery as on-chain and futures metrics favor bullish control. The move has prompted traders to focus on three specific charts traders believe will guide near-term action.

key facts
- Bitcoin recorded a weekly close above $123,000, a new all-time high for weekly candles.
- Cointelegraph frames this close as confirming \"a new phase of price discovery.\"
- On-chain indicators cited in the report point toward bullish momentum.
- Futures-market metrics cited in the report (e.g., funding and open interest signals) also favor bulls.
- The article highlights three specific charts that bulls are watching after the weekly close.

background information
A weekly all-time high close signals sustained demand over a multi-day period rather than a short-lived spike. On-chain and derivatives data are commonly used together to gauge whether moves are backed by real market participation.

Impact: The weekly close above $123,000 reinforces bullish sentiment, is likely to increase trader attention on the highlighted charts and could raise market activity and volatility as participants reassess positions.