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

Odaily Planet Daily News Crypto trader Alan expects Bitcoin to break through its all-time high in the next few days, with a target price of $116,000. He pointed out that Bitcoin is currently in a converging triangle structure with decreasing trading volume, indicating that there may be violent fluctuations. In addition, trader Mikybull Crypto identified the "diamond pattern breakthrough" signal and believed that the price trend was strong, while Daan Crypto Trades noticed that the spot premium on Coinbase continued to exist, 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)