BTC price to $116K next? Bitcoin trader sees 'early week' all-time high

Quick Summary:

Source: CoinGlassCommenting on the current market structure, traders remained broadly bullish, anticipating a rematch with all-time highs and the return of price discovery.“Next early week Bitcoin target: $116,000,” popular trader Alan summarized in his latest short-term prediction on X.

Source: Trader Tardigrade/XFellow trader Mikybull Crypto described the market structure as an “intraday diamond pattern breakout.”$BTC INTRADAY DIAMOND PATTERN BREAKOUT pic.twitter.com/gMGMub7nTt— Mikybull 🐂Crypto (@MikybullCrypto) May 18, 2025“With the recent run up we've seen a consistent Coinbase spot premium.

An accompanying chart underscored the lack of volatility characterizing BTC/USD over the past week.“$BTC is brewing within this converging triangle with decreasing volume, which is a common indicator of potential for a Breakout,” Alan added.BTC/USD 4-hour chart.

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Article Details

Author / Journalist: Cointelegraph by William Suberg

Category: Crypto

Markets: United StatesChina

Topics: Price Cointelegraph Bitcoin $116k Btc/usd Breakout Highs All-time Crypto Week Trader

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-18 @ 12:30:00 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 435 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28777934

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