”Bitcoin may surpass all-time high this week” - Expectations of reaching $116,000

Expectations are growing that Bitcoin will break out of the long-standing box range, renew its all-time high and enter a new price discovery zone.
Trader Alan said on the 18th (local time) through X that "the target price for Bitcoin at the beginning of next week is $116,000," and
"$BTC is moving within a converging triangle pattern with declining volume, which is typically a typical structure with a high probability of a breakout," he added.
According to data from TradingView and Cointelegraph MarketsPro, the cryptocurrency was valued at $103,000.
The recent surge acted as a price magnet for Bitcoin over the weekend, keeping it largely static. Market monitoring platform CoinGlass also reported that the price was trading at between $105,000 and $103,000.
Another trader, Mikeybull, said, “The $1000 price point is a key price range for liquidity.”
Crypto describes the current market structure as an “intraday diamond pattern”
Meanwhile, Daan Crypto Trades said, "During the recent rally, a steady premium was observed in the Coinbase spot market, which is likely due to demand from US investors.
"This shows that the market is healthy," he said. He said such demand could be a key factor supporting Bitcoin's return to six-figure prices.
However, some more conservative analysts are still considering a scenario of a rally after a short-term correction.
Trader CrypNuevo said: "This week has been slow overall, with Bitcoin still not breaking through major resistance.
"It has not yet broken the record high," he said, and added, "As previously predicted, there is a possibility that the market will decline for a while before rebounding."