BTC price heading towards US$ 116 thousand? Trader sees all-time high at the beginning of the week
Bitcoin is about to break out of its narrow range in the coming days, with the potential to retest all-time highs and enter price discovery after several months. Key points:
Bitcoin is convincing traders that a breakout to the upside is near, with all-time highs on the radar.
One projection points to US$ 116.000 next week, definitively taking BTC/USD out of its narrow range.
A quick drop before continuing to rise is one of the possibilities for the price movement of BTC at the beginning of the new week. #BinancePizza
Commenting on the current market structure, traders maintained a broadly optimistic view, anticipating a new test of historical highs and the return of price discovery.
"Next target for Bitcoin at the beginning of the week: US$ 116.000," summarized trader Alan in his latest short-term forecast on X.
A chart accompanying the publication highlighted the absence of volatility that marked the behavior of the BTC/USD pair over the past week.
"BTC is consolidating within this convergence triangle with decreasing volume, which is a common sign of potential for a breakout," added Alan. #BinancePizzaVN
#binancepizza history is repeating itself... and we are exactly in the same zone before the last rally in previous cycles. ✅ Re-test confirmed ✅ Complete consolidation 🔥 Now we just need to break $108,000 $120,000 is not a prediction — it's just a matter of time. Once broken, price discovery begins... Get ready for the most euphoric and explosive phase of the cycle. I am buying NEIRO to the max.
I don't think it's happy to sell now get cash and buy more in case it drops
CryptoㅤMaster
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$BTC & $ETH Alert! Heavy Drop Incoming Market showing signs of a sharp correction — could hit any time now! Prepare your shorts & manage your risk wisely.