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Main highlights:
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Bitcoin is persuading traders that a bullish breakout is imminent, with all-time peaks within reach.
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One objective signals $116,000 next week, propelling BTC/USD decisively out of its tight range.
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A brief drop before resuming upward movement is among the scenarios for BTC price dynamics as the new week approaches.
Bitcoin (BTC) minimized volatility leading up to the May 18 weekly close as traders wagered on a new breakout.
BTC price signals classic breakout formation
Information from Cointelegraph Markets Pro and TradingView indicated that the vicinity of $103,000 served as a price attractor for BTC over the weekend.
With minimal fluctuations, BTC/USD appeared set for a liquidity sweep, with both $105,000 and $103,000 identified as targets, as confirmed by data from tracking platform CoinGlass.
Discussing the current market dynamics, traders remained generally optimistic, expecting a confrontation with all-time highs and the return of price exploration.
“Next early week Bitcoin aim: $116,000,” well-known trader Alan summarized in his latest short-term forecast on X.
An accompanying graphic highlighted the low volatility defining BTC/USD over the previous week.
“$BTC is consolidating within this converging triangle with diminishing volume, a common sign of potential for a Breakout,” Alan added.
Another trader, Mikybull Crypto, described the market configuration as an “intraday diamond pattern breakout.”
$BTC INTRADAY DIAMOND PATTERN BREAKOUT pic.twitter.com/gMGMub7nTt
— Mikybull 🐂Crypto (@MikybullCrypto) May 18, 2025
“With the recent surge, we’ve observed a stable Coinbase spot premium. This indicates strong demand,” trader Daan Crypto Trades continued, alluding to encouraging US buyer interest driving Bitcoin’s approach to six figures.
Concerns over existing resistance
More cautious viewpoints suggested a temporary setback before the upward momentum renewed.
Related: Bitcoin reaching $220K ‘plausible’ in 2025, based on gold projections
“Slow week and Bitcoin hasn’t been capable of overcoming resistance thus far, which still makes me think this scenario could be potentially valid,” trader CrypNuevo suggested.
Daan Crypto Trades remarked that compared to stocks, Bitcoin had yet to surpass its final resistance.
$BTC Has not succeeded in moving higher relative to stocks.
The recent comparative weakness followed the US making a “Deal” with China.
This indicates that BTC has transformed into an asset of interest for investors when outflows and uncertainties occur elsewhere.
So while… https://t.co/hShAZxGM21 pic.twitter.com/UEPZNGWjff
— Daan Crypto Trades (@DaanCrypto) May 17, 2025
As Cointelegraph noted, longer-term worries include a total retracement of the relief bounce, which rescued BTC/USD from multi-month lows near $75,000 in April.
A sweep of positions around $90,000 is also being monitored.
This article does not offer investment guidance or suggestions. Every investment and trading action involves risks, and readers should perform their own analysis when making decisions.
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