key points:
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Bitcoin is assuring traders that is around an inverted breakout corner, with all -time higher in sight.
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A target demands $ 116,000 next week, taking BTC/USD out of its narrow range firmly.
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A quick dip before continuing high is one of the options for BTC price action in the new week.
Bitcoin (BTC) closed instability at least on 18 May weekly as traders placed bets on a new breakout.
BTC Price Bruz Classic Breakout Signal
Data Pro from cointelegraph markets and Tradingview The BTC price magnet over the weekend showed the field of about $ 103,000 as magnet.
Now barely up and down, BTC/USD was prime to grab a liquidity, which had both $ 105,000 and $ 103,000 targets, data from monitoring resources Coalus Confirmed.
Commenting on the current market structure, the traders remained widely faster, expecting a rematch and a return of value search with all time high.
“Bitcoin target next week: $ 116,000,” popular merchant Alan Abbreviation In his latest short -term prediction on X.
Together the chart underlined the lack of instability with BTC/USD characterized in the last week.
“$ BTC is running within this convergence triangle with a decreasing volume,” $ BTC is a common indicator of capacity for brakeouts. “
Fellow trader Mikbul Crypto described the market structure as “intraday diamond pattern breakout”.
$ BTC Intrade Diamond Pattern Breakout pic.twitter.com/gmgmub7ntt
– Mikybull 🐂crypto (@mikybullcrypto) May 18, 2025
Trader Dan Crypto Trades ” OngoingThe American supports the return of bitcoin to six figures, referring to the promise of promising to the buyer.
Qualification on excellent resistance
The more conservative approaches were limited to a temporary pullback before the resume resumed.
Connected: Gold-based forecast says
“Slow Week and Bitcoin are not yet able to break resistance, which I still think this landscape may be in possibly playing,” Trader Crippervo suggested,
Dan Crypto Trades said that against shares, Bitcoin had so far defeated the final resistance.
$ BTC Relative to shares has failed to push high.
There has been a recent relative weakness after the US “deal” with China.
This shows that BTC has turned into this property that becomes interesting for investors when outflow and uncertainty are elsewhere.
So while… pic.twitter.com/Uepzngwjff
– Daan Crypto Trades (@Daancrypto) May 17, 2025
As the coinlagraph reported, long -term concerns include a full retrace of relief bounce, which saved BTC/USD from multimonous climb near $ 75,000 in April.
A sweep of close levels of $ 90,000 is also on radar.
There are no investment advice or recommendations in this article. Each investment and business move include risk, and readers should conduct their own research while taking decisions.
