Bitcoin is gearing up for a major move — and if bullish traders are right, we could see a brand-new all-time high as early as next week.
Highlights:
Bitcoin eyes a breakout from its recent tight trading range.
Analysts are setting sights on $116,000 as the next key target.
Short-term dip? Maybe. But overall momentum looks strong.
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Calm Before the Storm?
As of May 18, Bitcoin (BTC) is trading around $105,000, showing little volatility over the weekend. According to market data from Cointelegraph Markets Pro and TradingView, BTC hovered near the $103K–$105K zone, a key range acting like a price magnet.
But this calm may not last long.
Popular analyst Alan posted a bold forecast on X (formerly Twitter), suggesting that Bitcoin could surge to $116,000 in the early part of the week. His chart highlights a tightening triangle pattern — a classic signal of an imminent breakout.
> “$BTC is brewing within this converging triangle with decreasing volume — a common indicator of a breakout,” Alan noted.
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A Market Poised for Lift-Off
Other traders are just as optimistic. Analyst Mikybull Crypto spotted what he calls an “intraday diamond pattern breakout,” while Daan Crypto Trades pointed out a persistent Coinbase spot premium — a sign of strong demand from U.S.-based buyers.
This kind of buyer activity often acts as fuel for price rallies, especially when BTC is already hovering near historic highs.
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Still, Some Caution in the Air
Not everyone’s convinced that liftoff is guaranteed.
Trader CrypNuevo warned that Bitcoin hasn’t yet broken through key resistance zones, suggesting a short-term dip could still be on the cards before any serious upside. Some analysts even think BTC could revisit the $90K range for a liquidity sweep before charging higher.
And let’s not forget — Bitcoin only recently bounced back from April lows near $75,000. A full retrace of that recovery isn’t off the table just yet.
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Long-Term Outlook: $220K?
Looking further ahead, some forecasts are going even bigger. A recent gold-based model predicts that Bitcoin could hit $220,000 by 2025 — a jaw-dropping target that reflects the growing confidence among long-term investors.
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Final Thoughts
Bitcoin’s next move is brewing beneath the surface — and the charts are flashing breakout potential. Whether we see $116K this week or a quick dip first, one thing’s clear: the battle for new highs is heating up fast.
Stay strapped in. The next leg of Bitcoin’s journey could be explosive.