Bitcoin is expected to break through resistance in the short term, and traders expect it to reach $116,000

PA一线
PA一线05/18/2025, 11:47 AM

PANews reported on May 18 that according to Cointelegraph, crypto traders generally remain bullish on Bitcoin, expecting the market to hit new all-time highs again and return to price discovery. Crypto trader Alan expects Bitcoin to break through its all-time high in the next few days, with a target price of $116,000. He pointed out that Bitcoin is currently in a converging triangle structure with decreasing trading volume, indicating that there may be sharp fluctuations. In addition, trader Mikybull Crypto identified the "diamond pattern breakthrough" signal and believed that the price trend was strong, while Daan Crypto Trades noticed that the spot premium on Coinbase persisted, indicating active buying in the United States. Despite this, traders such as CrypNuevo reminded that Bitcoin has not yet completely broken through the key resistance level and may still be at risk of a pullback in the short term.

Share to:

Author: PA一线

This content is provided for informational purposes only and does not constitute investment advice.

Follow PANews official accounts, let's navigate bull and bear markets together