Is Bitcoin ready for a historic breakout towards $116,000? Bullish predictions as the week begins! 🚀
📊 After the price has consolidated 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 a decrease in trading volume, which is a technical pattern often indicating an imminent breakout.
🟢 Market data shows a clear buy premium on the Coin_base platform, indicating strong demand from institutions and American investors, reinforcing the likelihood of exceeding the historical peak.
⚠️ However, on the flip side, other analysts like CrypNuevo see strong resistances that have not yet been broken, which could lead to a temporary pullback before a new launch towards record levels.
⚠️ Disclaimer: The information provided here is for knowledge enhancement only and is not investment advice.