Key points:
-
Bitcoin is convincing merchants that an upward escape is fast approaching, with summits of all time in sight.
-
A target requires $ 116,000 next week, hardly moving BTC / USD from its narrow range.
-
A rapid drop before continuing more is among the BTC price action options in the new week.
Bitcoin (BTC) has reduced volatility to a minimum in the weekly fence on May 18, while traders bet on a new escape.
BTC Price Brews Classic Breakout Signal
Cointelegraph Markets Pro and TradingView data have shown that the area will be around $ 103,000 acting as a BTC price magnet throughout the weekend.
From now on, barely fluctuating up or down, BTC / USD has been prepared for liquidity, with $ 105,000 and $ 103,000 on both targets, data from the monitoring of Resource Coinglass has confirmed.
Commenting on the current market structure, the merchants remained largely optimistic, anticipating a revenge match with summits of all time and the return of the discovery of prices.
“Target bitcoin of the next week at the start of the week: $ 116,000”, the popular merchant Alan summed up in his last short -term prediction on X.
An accompanying table underlined the lack of volatility characterizing BTC / USD during last week.
“$ BTC is preparing in this converging triangle with a decreasing volume, which is a current of break in breakage potential,” added Alan.
The merchant Mikybull Crypto described the structure of the market as an “intra-diamond-diamond escape”.
$ BTC Intraday diamond model breakout pic.twitter.com/gmgmub7ntt
– Mikybull 🐂crypto (@Mikybullcrypto) May 18, 2025
“With the recent approach, we have seen a coherent quoining spot bonus. It is good and shows that there is a solid demand,” continued the Daan Crypto trader, referring to the promise of the American buyer, fueling the return of six -digit bitcoin.
Scruples on exceptional resistance
More conservative perspectives have been confined to a temporary withdrawal before the increase resumed.
In relation: Bitcoin hitting $ 220,000 “reasonable” in 2025, explains gold -based forecasts
“The slow week and Bitcoin have not been able to break the resistance so far, which always makes me think that this scenario could be at stake,” suggested Crowning Trader.
Daan Crypto Trades added that against actions, Bitcoin had not yet beat the final resistance.
$ BTC Failed to push more compared to actions.
The recent relative weakness occurred after the United States has concluded an “agreement” with China.
This shows that BTC has become this asset which becomes interesting for investors when outings and uncertainty occur elsewhere.
So during… https://t.co/hshazxgm21 pic.twitter.com/uepzngwjff
– Daan Crypto Trades (@daancryptto) May 17, 2025
As Cintelelegraph reported, the longer term concerns include a complete retirement of the rescue rebound, which saved the BTC / USD from the hollows of several buildings nearly $ 75,000 in April.
A level scanning closer to $ 90,000 is also on the radar.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
