2 weeks ago
Key points:
Bitcoin is convincing traders that an upside breakout is astir the corner, with all-time highs successful sight.
One people demands $116,000 adjacent week, moving BTC/USD firmly retired of its constrictive range.
A speedy dip earlier continuing higher is among the options for BTC terms enactment into the caller week.
Bitcoin (BTC) reduced volatility to a minimum into the May 18 play adjacent arsenic traders stake connected a caller breakout.
BTC/USD 4-hour chart. Source: Cointelegraph/TradingViewBTC terms brews classical breakout signal
Data from Cointelegraph Markets Pro and TradingView showed the country astir $103,000 acting arsenic a BTC terms magnet passim the weekend.
Now hardly fluctuating up oregon down, BTC/USD was primed for a liquidity grab, with $105,000 and $103,000 some targets, information from monitoring assets CoinGlass confirmed.
BTC liquidation heatmap. Source: CoinGlassCommenting connected the existent marketplace structure, traders remained broadly bullish, anticipating a rematch with all-time highs and the instrumentality of terms discovery.
“Next aboriginal week Bitcoin target: $116,000,” fashionable trader Alan summarized successful his latest short-term prediction connected X.
An accompanying illustration underscored the deficiency of volatility characterizing BTC/USD implicit the past week.
“$BTC is brewing wrong this converging triangle with decreasing volume, which is simply a communal indicator of imaginable for a Breakout,” Alan added.
BTC/USD 4-hour chart. Source: Trader Tardigrade/XFellow trader Mikybull Crypto described the marketplace operation arsenic an “intraday diamond signifier breakout.”
$BTC INTRADAY DIAMOND PATTERN BREAKOUT pic.twitter.com/gMGMub7nTt
— Mikybull 🐂Crypto (@MikybullCrypto) May 18, 2025“With the caller tally up we've seen a accordant Coinbase spot premium. This is bully and amusement there's coagulated demand,” trader Daan Crypto Trades continued, referring to promising US purchaser enactment fueling Bitcoin’s instrumentality to six figures.
Qualms implicit outstanding resistance
More blimpish perspectives were confined to a impermanent pullback earlier the upside resumed.
Related: Bitcoin hitting $220K ‘reasonable’ successful 2025, says gold-based forecast
“Slow week and Bitcoin hasn't been capable to interruption absorption truthful far, which inactive makes maine deliberation that this script mightiness beryllium perchance successful play,” trader CrypNuevo suggested.
BTC/USDT 1-day chart. Source: CrypNuevo/XDaan Crypto Trades added that against stocks, Bitcoin had yet to bushed retired last resistance.
$BTC Has failed to propulsion higher comparative to stocks.
The caller comparative weakness has travel aft the US has made a "Deal" with China.
This does amusement that BTC has turned into this plus which gets absorbing for investors erstwhile outflows and uncertainty happens elsewhere.
So while… https://t.co/hShAZxGM21 pic.twitter.com/UEPZNGWjff
As Cointelegraph reported, longer-term concerns see a afloat retrace of the alleviation bounce, which rescued BTC/USD from multimonth lows adjacent $75,000 successful April.
A expanse of levels closer to $90,000 is besides connected the radar.
This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.
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