Traders predict Bitcoin will break through its all-time high in the short term, with a target price of $116,000

Odaily News Crypto trader Alan expects Bitcoin to break through its all-time high in the coming days with a target price of $116,000. He pointed out that Bitcoin is currently in a converging triangle structure with decreasing volume, indicating that sharp fluctuations may occur.
In addition, trader Mikybull Crypto identified a "diamond pattern breakout" signal, believing that the price trend is strong, while Daan Crypto Trades noticed that the spot premium on Coinbase persisted, indicating active buying in the United States. Despite this, traders such as CrypNuevo reminded that Bitcoin has not yet completely broken through the key resistance level and may still be at risk of a pullback in the short term. (Cointelegraph)