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Key points:
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Bitcoin convinces traders that Breakout is around the corner, with historically maximum in sight.
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One goal requires $ 116,000 next week, with BTC/USD to move firmly from a narrow extent.
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A rapid decline before continuing higher is between the possibilities of the BTC price to the new week.
Bitcoin (BTC) reduced volatility to a minimum of 18 May a week, because traders bet on fresh escape.
BTC Price Brews Classic Breakout Signal
Data from COINTELEGRAPH Markets for and Tradingview It showed that the area around $ 103,000 acts as a BTC price magnet throughout the weekend.
Now barely fluctuating up or down, BTC/USD has been ready to grab liquidity, with $ 105,000 and $ 103,000 both goals, data from the monitoring source Coinglass confirmed.
Traders in the commentary on the current market structure remained widely bulls and predicted retaliation with historical maximums and the return of prices discovery.
“The next start of a bitcoin goal: $ 116,000,” popular trader Alan summarized In its last short -term prediction to X.
The accompanying graph underlined the lack of volatility characterizing BTC/USD in the last week.
“$ BTC is cooked in this converging triangle with a decreasing volume, a common indicator of the potential for escape,” Alan added.
Mikybull Crypto has described the market structure as “Intraday Diamond Formula”.
$ Btc Intraday Diamond Pattern Breakout pic.twitter.com/gmgmub7ntt
– Mikybull 🐂Crypto (@mikikybullcrypto) 18 May 2025
“We have seen a consistent bonus on Coinbase spot. That’s good and show that there is solid demand,” trader with trader Daan Crypto Tradees ContinuationReferring to the promising support of the US buyer, which supports the return of bitcoins to six numbers.
Reservations over excellent resistance
More conservative perspectives were limited to temporary pullback than upwards.
Related: Bitcoin hits a reasonable $ 220,000 in 2025, says a gold -based prognosis
“Slow Week and Bitcoins have not yet been able to interrupt resistance, which still forces me to think that this scenario might be in the game,” trader Crypnnuevo proposed.
Daan Crypto Tradees added that Bitcoin had to defeat the final resistance against the actions.
$ Btc Failed to push higher due to stocks.
The recent relative weakness came after the US concluded an “agreement” with China.
This shows that BTC has turned into this asset, which becomes interesting for investors when there is a tide and uncertainty elsewhere.
So … https://t.co/hshazxgm21 pic.twitter.com/uepzngwjff
– Daan Crypto Trades (@daancrypto) 17th May 2025
As Cointlelegraph reportedLonger -term concerns are the complete repetition of relief reflection, which saved BTC/USD from the multimontal minimum in April $ 75,000.
Sweeping levels Closer to $ 90,000 It is also on the radar.
This article does not contain investment counseling or recommendations. Every investment and business step includes a risk and readers should do their own research in decision -making.
