Bitcoin’s Wild Ride: Will It Hit $116K or Just Tease Us? 🤔

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Bitcoin‘s Wild Ride: Will It Hit $116K or Just Tease Us? 🤔

Key points:

  • Bitcoin’s pulling a magician, convincing traders a giant leap is coming, all eyes on new highs.

  • One ambitious target screams for $116,000 next week—because who doesn’t love a rollercoaster out of nowhere?

  • A quick dip might just be the market’s way of saying, “Gotcha!” before shooting even higher into the week. 📉➡️📈

Bitcoin (BTC) quietly tightened its grip, acting like a sleepy cat ready to pounce, as folks held their breath for a breakout on May 18.

BTC price brews classic breakout signal

CryptoMoon Markets Pro and TradingView spotted BTC hanging around $103,000 like a kid clinging to the candy jar all weekend.

Now, BTC/USD is as still as a mime, eyeing targets at $105,000 and $103,000—like a kid waiting to snatch the last cookie. Data from CoinGlass confirms the game plan.

Market folks are optimistic, dreaming of a rematch with those glorious all-time highs—because who doesn’t love a good comeback story?

“Next early week Bitcoin target: $116,000,” said trader Alan, probably with a wink. His chart shows Bitcoin cuddling in a triangle like a cat plotting a leap.

BTC’s recent week looks about as volatile as a stone—boring but waiting to explode.

“$BTC is brewing within this converging triangle with decreasing volume, which is a common indicator of a potential breakout,” Alan explained, sounding like he’s read one too many fortune cookies.

Mikybull Crypto, the trader with a sense of drama, calls it an “intraday diamond pattern breakout”—because sometimes, traders like their patterns sparkling. 💎

$BTC INTRADAY DIAMOND PATTERN BREAKOUT — Mikybull 🐂Crypto (@MikybullCrypto) May 18, 2025

Daan Crypto Trades is feeling bullish but cautious, pointing out that Bitcoin still hasn’t socked it to stocks—yet.

$BTC Has failed to push higher relative to stocks. The recent relative weakness has come after the US has made a “Deal” with China. This does show that BTC has turned into this asset which gets interesting for investors when outflows and uncertainty happens elsewhere. So while…

— DaanCrypto

CryptoMoon’s long-term concern? The possibility that Bitcoin might retrace all the way back—like that one friend who always leaves the party early, near $75,000 in April.

Levels close to $90,000 are also on the radar, just waiting to be knocked over by the next big wave.

So, stay tuned, or go grab a snack—because Bitcoin’s about to give us a show. And who’s surprised? Certainly not the traders with their theories and charts! 😉

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2025-05-18 14:39