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Key points:<\/strong><\/p>\n Bitcoin is convincing traders that an upside breakout is around the corner, with all-time highs in sight.<\/p>\n<\/li>\n One target demands $116,000 next week, moving BTC\/USD firmly out of its narrow range.<\/p>\n<\/li>\n A quick dip before continuing higher is among the options for BTC price action into the new week.<\/p>\n<\/li>\n<\/ul>\n Bitcoin (BTC<\/a>) reduced volatility to a minimum into the May 18 weekly close as traders bet on a fresh breakout.<\/p>\n Data from Cointelegraph Markets Pro<\/a> and TradingView<\/a> showed the area around $103,000 acting as a BTC price magnet throughout the weekend.<\/p>\n Now barely fluctuating up or down, BTC\/USD was primed for a liquidity grab, with $105,000 and $103,000 both targets, data from monitoring resource CoinGlass<\/a> confirmed.<\/p>\n Commenting on the current market structure, traders remained broadly bullish, anticipating a rematch with all-time highs and the return of price discovery.<\/p>\n \u201cNext early week Bitcoin target: $116,000,\u201d popular trader Alan summarized<\/a> in his latest short-term prediction on X.<\/p>\n An accompanying chart underscored the lack of volatility characterizing BTC\/USD over the past week.<\/p>\n \u201c$BTC is brewing within this converging triangle with decreasing volume, which is a common indicator of potential for a Breakout,\u201d Alan added.<\/p>\n Fellow trader Mikybull Crypto described the market structure as an \u201cintraday diamond pattern breakout.\u201d<\/p>\n $BTC<\/a> INTRADAY DIAMOND PATTERN BREAKOUT pic.twitter.com\/gMGMub7nTt<\/a><\/p>\n \u2014 Mikybull \ud83d\udc02Crypto (@MikybullCrypto) May 18, 2025<\/a><\/p><\/blockquote>\n \u201cWith the recent run up we’ve seen a consistent Coinbase spot premium. This is good and show there’s solid demand,\u201d trader Daan Crypto Trades continued<\/a>, referring to promising US buyer support fueling Bitcoin\u2019s return to six figures.<\/p>\n More conservative perspectives were confined to a temporary pullback before the upside resumed.<\/p>\n Related: <\/strong><\/em>Bitcoin hitting $220K \u2018reasonable\u2019 in 2025, says gold-based forecast<\/strong><\/em><\/a><\/p>\n \u201cSlow week and Bitcoin hasn’t been able to break resistance so far, which still makes me think that this scenario might be possibly in play,\u201d trader CrypNuevo suggested<\/a>.<\/p>\n Daan Crypto Trades added that against stocks, Bitcoin had yet to beat out final resistance.<\/p>\n $BTC<\/a> Has failed to push higher relative to stocks.<\/p>\n The recent relative weakness has come after the US has made a “Deal” with China.<\/p>\n This does show that BTC has turned into this asset which gets interesting for investors when outflows and uncertainty happens elsewhere.<\/p>\n So while\u2026 https:\/\/t.co\/hShAZxGM21<\/a> pic.twitter.com\/UEPZNGWjff<\/a><\/p>\n \u2014 Daan Crypto Trades (@DaanCrypto) May 17, 2025<\/a><\/p><\/blockquote>\n\n
BTC price brews classic breakout signal<\/h2>\n
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Qualms over outstanding resistance<\/h2>\n
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