Key points:
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Bitcoin is compelling dealers that an up-breakout is around the corner, with all time heights in sight.
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A goal requires $ 116,000 next week and moves BTC/USD firmly outside its narrow range.
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A quick dip before continuing higher is among the possibilities of BTC preaching in the new week.
Bitcoin (BTC) reduced volatility to a minimum in May 18 weekly closure as dealers are focusing on a new outbreak.
BTC Price Brews Classic Breakout Signal
Data from Cointelegraph Markets Pro and TradingView showed the area around $ 103,000, which served as a BTC price magnet throughout the weekend.
Now hardly swinging up or down, BTC/USD was due to a liquidity grip, with $ 105,000 and $ 103,000 both targets, data from monitoring resource coinglass confirmed.
By commenting on the current market structure, dealers remained broad Bullish and expected a re -match with the highest time and the return of price discovery.
“Next early week Bitcoin goal: $ 116,000,” summarized the popular trader Alan in his latest short-term prediction of X.
An accompanying map emphasized the lack of volatility that characterized BTC/USD over the past week.
“$ BTC brews within this converging triangle with falling volume, which is a common indicator of the potential of a breakout,” Alan added.
Fellow Trader MikyBull Crypto described the market structure as an “Intraday Diamond Pattern Breakout.”
$ Btc Intraday Diamond Pattern Breakout pic.twitter.com/gmgmub7ntt
– MikyBull 🐂Crypto (@mikyBullcrypto) May 18, 2025
“With the recent run up, we have seen a consistent coinbase spot premium. This is good and shows that there is a solid demand,” continues Trader Daan Crypto Trades, referring to promising American buyer support fuel Bitcoin’s return to six numbers.
Concerns about unique resistance
Several conservative perspectives were limited to a temporary withdrawal before the head was resumed.
Related: Bitcoin hits $ 220K ‘reasonable’ in 2025, says gold -based forecast
“Slow Week and Bitcoin have not been able to break the resistance so far, which still makes me think this scenario may be in play,” suggested Trader Crypnuevo.
Daan Crypto Trades added that Bitcoin against shares had not yet knocked out the final resistance.
$ Btc Have failed to push higher in relation to shares.
The recent relative weakness has come after the United States has entered into a “deal” with China.
This shows that BTC has transformed into this asset that becomes interesting for investors when outflows and uncertainty happen elsewhere.
So while … https://t.co/hshazxgm21 pic.twitter.com/uepzngwjff
– Daan Crypto Trades (@daacrypto) May 17, 2025
As Cointelegraph reported, the long-term concerns include a full withdrawal of the relief saving BTC/USD from Multimonth Lavers near $ 75,000 in April.
A sweeping of levels closer to $ 90,000 is also on the radar.
This article does not contain investment advice or recommendations. Each investment and trade movement involves risk, and readers should make their own research when making a decision.