BTC price up to 116 thousand USD then? Trader Bitcoin sees “Early Week” of all time

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Key points:

  • Bitcoin convinces traders that the breakthrough is just around the corner, with the ups of all time.

  • One target requires USD 116,000 next week, transferring BTC/USD from a narrow range.

  • A quick decline before continuing is one of the BTC price options in the modern week.

Bitcoin (BTC) reduced the volatility to a minimum of weekly weekly on May 18, when traders focus on a fresh breakthrough.

4-hour BTC/USD table. Source: Cointelegraph/TradingView

BTC Price Brews Classic Breakout Signal

Data from CointeLraph Markets Pro i TradingView It showed an area of ​​around USD 103,000 operating as a BTC price magnet throughout the weekend.

Now barely hesitating up or down, BTC/USD was prepared for liquidity adhesion, from 105,000 and USD 103,000, data from resource monitoring Kinglas confirmed.

Heating map of BTC liquidation. Source: Coumingss

Commenting on the current market structure, traders remained essentially stubborn, expecting a rematch with the highest levels and reimbursement of prices.

“Next Early Bitcoin Target: USD 116,000”, popular Alan Trader summarized In his latest brief -term forecast on X.

The accompanying chart emphasized the lack of variability characterizing BTC/USD over the past week.

“$ BTC is brewed in this convergent triangle with a decreasing volume, which is a joint indicator of the potential of struggle,” Alan added.

4-hour BTC/USD table. Source: Trader Tardigrade/X.

The control of Mikybull Crypto trader described the market structure as “Diamond Diamond breakthrough”.

“In connection with the recent launch, we have seen a consistent bonus from the Coinbase point. This is good and show that there is a solid demand,” Daan Crypto trader is trading furtherReferring to the promising American buyer supporting Bitcoin return to six numbers.

Scruples over excellent resistance

More conservative perspectives were narrow to short-lived withdrawal before resumption of growth.

Related: Bitcoin reaching $ 220,000 “reasonable” in 2025

“Free week and Bitcoin have not been able to break resistance so far, which still makes me think that this scenario can be in the game”, Trader Cypnuevo suggested.

1-day BTC/USDT chart. Source: Cypnuevo/X

Daan Crypto Trades added that he has not yet overcome the final resistance in relation to the Bitcoin action.

According to CointeLgraph, long -term fears include a full revival of relief that saved BTC/USD from multimmoner loved ones in April 75,000 USD.

There is also a level of USD 90,000 at the radar.

This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.

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