On May 18, according to Cointelegraph, traders remain generally bullish on the current market, expecting Bitcoin to challenge its historical high point again and re-enter a price exploration phase.
Analyst Alan stated, "Bitcoin's next target price this week is $116,000. Bitcoin is currently in a converging triangle formation, with continuously declining trading volume, which is a common signal of an imminent breakthrough."
Trader Daan Crypto Trades said: "With the recent rally, we have consistently seen a Coinbase spot price premium. This is a positive sign, indicating solid demand."
