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

May 18, 2025Updated:May 18, 2025No Comments3 Mins Read
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BTC price to 6K next? Bitcoin trader sees ‘early week’ all-time high
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Key factors:

  • Bitcoin is convincing merchants that an upside breakout is across the nook, with all-time highs in sight.

  • One goal calls for $116,000 subsequent week, shifting BTC/USD firmly out of its slim vary.

  • A fast dip earlier than persevering with increased is among the many choices for BTC worth motion into the brand new week.

Bitcoin (BTC) decreased volatility to a minimal into the Could 18 weekly shut as merchants wager on a recent breakout.

BTC price to 6K next? Bitcoin trader sees ‘early week’ all-time high
BTC/USD 4-hour chart. Supply: Cointelegraph/TradingView

BTC worth brews traditional breakout sign

Knowledge from Cointelegraph Markets Professional and TradingView confirmed the realm round $103,000 appearing as a BTC worth magnet all through the weekend.

Now barely fluctuating up or down, BTC/USD was primed for a liquidity seize, with $105,000 and $103,000 each targets, information from monitoring useful resource CoinGlass confirmed.

BTC liquidation heatmap. Supply: CoinGlass

Commenting on the present market construction, merchants remained broadly bullish, anticipating a rematch with all-time highs and the return of worth discovery.

“Subsequent early week Bitcoin goal: $116,000,” in style dealer Alan summarized in his newest short-term prediction on X.

An accompanying chart underscored the shortage of volatility characterizing BTC/USD over the previous week.

“$BTC is brewing inside this converging triangle with reducing quantity, which is a typical indicator of potential for a Breakout,” Alan added.

BTC/USD 4-hour chart. Supply: Dealer Tardigrade/X

Fellow dealer Mikybull Crypto described the market construction as an “intraday diamond sample breakout.”

$BTC INTRADAY DIAMOND PATTERN BREAKOUT pic.twitter.com/gMGMub7nTt

— Mikybull Crypto (@MikybullCrypto) May 18, 2025

“With the current run up we have seen a constant Coinbase spot premium. That is good and present there’s strong demand,” dealer Daan Crypto Trades continued, referring to promising US purchaser assist fueling Bitcoin’s return to 6 figures.

Qualms over excellent resistance

Extra conservative views had been confined to a short lived pullback earlier than the upside resumed.

Associated: Bitcoin hitting $220K ‘affordable’ in 2025, says gold-based forecast

“Gradual week and Bitcoin hasn’t been in a position to break resistance up to now, which nonetheless makes me assume that this situation is likely to be probably in play,” dealer CrypNuevo instructed.

BTC/USDT 1-day chart. Supply: CrypNuevo/X

Daan Crypto Trades added that in opposition to shares, Bitcoin had but to beat out remaining resistance.

$BTC Has didn’t push increased relative to shares.

The current relative weak spot has come after the US has made a “Deal” with China.

This does present that BTC has was this asset which will get fascinating for traders when outflows and uncertainty occurs elsewhere.

So whereas… https://t.co/hShAZxGM21 pic.twitter.com/UEPZNGWjff

— Daan Crypto Trades (@DaanCrypto) May 17, 2025

As Cointelegraph reported, longer-term issues embody a full retrace of the reduction bounce, which rescued BTC/USD from multimonth lows close to $75,000 in April.

A sweep of ranges nearer to $90,000 can be on the radar.

This text doesn’t include funding recommendation or suggestions. Each funding and buying and selling transfer includes danger, and readers ought to conduct their very own analysis when making a choice.