Analyst: Bitcoin may hit a historic high next week, with a target price of $116000

BlockBeats news, on May 18th, according to Cointelegraph, traders remain bullish on the overall market and expect Bitcoin to once again challenge historical highs and re-enter the price exploration phase. Analyst Alan said, "Bitcoin's next target price at the beginning of this week is $116000. Bitcoin is in a converging triangle shape, with trading volume continuing to decline, which is a common signal that the market is about to break through Trader Daan Crypto Trades stated, 'With the recent increase, we have been seeing a premium in Coinbase spot prices.'. This is a good phenomenon, indicating a solid demand