Bitcoin Traders Eye $116K – Breakout Signal Fuels Optimism

Bitcoin’s recent surge is sparking optimism among traders, who are anticipating an upward breakout and potentially reaching the $116,000 mark next week. This bullish sentiment stems from a convergence of factors, including expanding decentralized finance (DeFi) applications and increased institutional investment. 4-hour charts show Bitcoin price volatility has dwindled to a minimum, setting the stage for a liquidity grab. The area around $103,000 acts as a magnet for BTC/USD traders. The recent decrease in volume coupled with market structure analysis suggests potential breakout points. Popular trader Alan predicts a target of $116,000 in the early week, while other analysts like Mikybull Crypto identify an