{"id":20732,"date":"2025-05-18T11:30:00","date_gmt":"2025-05-18T11:30:00","guid":{"rendered":"https:\/\/gold.creditcard\/btc-price-to-116k-next-bitcoin-trader-sees-early-week-all-time-high\/"},"modified":"2025-05-18T11:30:00","modified_gmt":"2025-05-18T11:30:00","slug":"btc-price-to-116k-next-bitcoin-trader-sees-early-week-all-time-high","status":"publish","type":"post","link":"https:\/\/gold.creditcard\/es\/btc-price-to-116k-next-bitcoin-trader-sees-early-week-all-time-high\/","title":{"rendered":"BTC price to $116K next? Bitcoin trader sees 'early week' all-time high"},"content":{"rendered":"

Key points:<\/strong><\/p>\n

Bitcoin is convincing traders that an upside breakout is around the corner, with all-time highs in sight.<\/p>\n

One target demands $116,000 next week, moving BTC\/USD firmly out of its narrow range.<\/p>\n

A quick dip before continuing higher is among the options for BTC price action into the new week.<\/p>\n

Bitcoin (BTC<\/a>) reduced volatility to a minimum into the May 18 weekly close as traders bet on a fresh breakout.<\/p>\n

BTC\/USD 4-hour chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n

BTC price brews classic breakout signal<\/h2>\n

Data from Cointelegraph Markets Pro<\/a> and TradingView<\/a> showed the area around $103,000 acting as a BTC price magnet throughout the weekend.<\/p>\n

Now barely fluctuating up or down, BTC\/USD was primed for a liquidity grab, with $105,000 and $103,000 both targets, data from monitoring resource CoinGlass<\/a> confirmed.<\/p>\n

BTC liquidation heatmap. Source: CoinGlass<\/em><\/p>\n

Commenting on the current market structure, traders remained broadly bullish, anticipating a rematch with all-time highs and the return of price discovery.<\/p>\n

\u201cNext early week Bitcoin target: $116,000,\u201d popular trader Alan summarized<\/a> in his latest short-term prediction on X.<\/p>\n

An accompanying chart underscored the lack of volatility characterizing BTC\/USD over the past week.<\/p>\n

\u201c$BTC is brewing within this converging triangle with decreasing volume, which is a common indicator of potential for a Breakout,\u201d Alan added.<\/p>\n

BTC\/USD 4-hour chart. Source: Trader Tardigrade\/X<\/em><\/p>\n

Fellow trader Mikybull Crypto described the market structure as an \u201cintraday diamond pattern breakout.\u201d<\/p>\n

$BTC<\/a> INTRADAY DIAMOND PATTERN BREAKOUT pic.twitter.com\/gMGMub7nTt<\/a><\/p>\n

\u2014 Mikybull \ud83d\udc02Crypto (@MikybullCrypto) May 18, 2025<\/a><\/p>\n

\u201cWith the recent run up we’ve seen a consistent Coinbase spot premium. This is good and show there’s solid demand,\u201d trader Daan Crypto Trades continued<\/a>, referring to promising US buyer support fueling Bitcoin\u2019s return to six figures.<\/p>\n

Qualms over outstanding resistance<\/h2>\n

More conservative perspectives were confined to a temporary pullback before the upside resumed.<\/p>\n

Related: <\/strong><\/em>Bitcoin hitting $220K \u2018reasonable\u2019 in 2025, says gold-based forecast<\/strong><\/em><\/a><\/p>\n

\u201cSlow week and Bitcoin hasn’t been able to break resistance so far, which still makes me think that this scenario might be possibly in play,\u201d trader CrypNuevo suggested<\/a>.<\/p>\n

BTC\/USDT 1-day chart. Source: CrypNuevo\/X<\/em><\/p>\n

Daan Crypto Trades added that against stocks, Bitcoin had yet to beat out final resistance.<\/p>\n

$BTC<\/a> Has failed to push higher relative to stocks.<\/p>\n

The recent relative weakness has come after the US has made a “Deal” with China.<\/p>\n

This does show that BTC has turned into this asset which gets interesting for investors when outflows and uncertainty happens elsewhere.<\/p>\n

So while\u2026 https:\/\/t.co\/hShAZxGM21<\/a> pic.twitter.com\/UEPZNGWjff<\/a><\/p>\n

\u2014 Daan Crypto Trades (@DaanCrypto) May 17, 2025<\/a><\/p>\n

As Cointelegraph reported<\/a>, longer-term concerns include a full retrace of the relief bounce, which rescued BTC\/USD from multimonth lows near $75,000 in April.<\/p>\n

A sweep of levels closer to $90,000<\/a> is also on the radar.<\/p>\n

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>","protected":false},"excerpt":{"rendered":"

Key points: Bitcoin is convincing traders that an upside breakout is around the corner, with all-time highs in sight. One target demands $116,000 next week, moving BTC\/USD firmly out of its narrow range. A quick dip before continuing higher is among the options for BTC price action into the new week. Bitcoin (BTC) reduced volatility […]<\/p>","protected":false},"author":0,"featured_media":20733,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[9],"tags":[],"class_list":["post-20732","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital-finance"],"_links":{"self":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts\/20732","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/comments?post=20732"}],"version-history":[{"count":0,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts\/20732\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/media\/20733"}],"wp:attachment":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/media?parent=20732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/categories?post=20732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/tags?post=20732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}