Bitcoin Set to Challenge All-Time High as Traders Anticipate Major Breakout

In a recent update from COINOTAG on May 18th, market sentiment remains **strong** as traders express optimism about Bitcoin’s trajectory. Analysts anticipate a potential **retest** of its all-time high, igniting a new **price discovery** phase. Renowned analyst Alan highlights a strategic **target price** of $116,000 for Bitcoin, emphasizing its current position within a **symmetrical triangle pattern** accompanied by declining volume—a technical indicator often suggesting an imminent **breakout**. Furthermore, trader Daan Crypto Trades notes that the ongoing **uptrend** has revealed a consistent **Coinbase spot price premium**, signaling heightened demand within the market. Such dynamics underscore the growing robustness and resilience of Bitcoin amid evolving market conditions, reinforcing investor confidence.