Is "Bitcoin" ready for a historic breakout towards $116,000? Bullish expectations as the week begins! 🚀
📊 After the price has stabilized between $103,000 and $105,000, traders are anticipating a bullish explosion soon. The famous trader Alan expects Bitcoin to reach $116,000 this week, pointing to the formation of a converging triangle with decreasing trading volume, a technical pattern that often indicates an imminent breakout.
🟢 Market data shows a clear buying premium on the Coin, base platform, indicating strong demand from institutions and American investors, enhancing the likelihood of surpassing the historical peak.
⚠️ However, on the other hand, other analysts like Cryp, Nuevo see that strong resistances have not yet been broken, which could lead to a temporary pullback before a new rally towards record levels.
⚠️ Disclaimer: The information provided here is intended for informational purposes only and is not investment advice.
