Traders predict that Bitcoin may break through historical highs in the short term, with a target price of $116000

Odaily Planet Daily News: Cryptocurrency trader Alan expects Bitcoin to break through historical highs in the coming days, with a target price of $116000. He pointed out that Bitcoin is currently in a converging triangular structure with gradually decreasing trading volume, indicating the possibility of violent fluctuations. In addition, trader Mikybull Crypto identified a "diamond form breakthrough" signal and believed that the price trend was strong, while Daan Crypto Trades noted the continued existence of spot premiums on Coinbase, indicating active buying in the United States. However, traders such as CrypNuevo caution that Bitcoin has not fully broken through key resistance levels and there may still be downside risks in the short term. （Cointelegraph）